Tax, Investments and Retirement

How to deal with Income Tax Notice in case of TDS which is already deposited with Tax department but with wrong TAN number. This is the case of state run school where initially wrong TAN quoted for...

Agricultural Income Income Tax Act 1961 under Section 10(1) exempts Agricultural Income from tax. Now that a person earning annual income of 250000 Rupees is not required to pay tax, the exemp...

IRS has a lot of data available to them pumped in by Banks, Credit card companies, sales tax, property tax,registration of property sale deeds; travel companies airlines, hotels/restaurants; trader...

BANKS WILL NOT ACCEPT FORM 15H FROM APRIL 2016 Today when I visited State Bank of India to submit Form 15H, I was informed that Bank will not accept it from next financial year and Tax will be...

is there additional tax benefit for investing in NPS upto 50,000 which is cannot be availed by any other investment....pl clarify

If I give some of my money earned as pension to my distance relative as a gift, he will have to pay income tax on the same as per his liability. Since there cannot be double taxation on the same am...

Warren Buffett is 84 years old and even at that age, the billionaire 'Oracle of Omaha' continues to be involved in some of the biggest investment plays in the world. Buffett is undoubtedly the most...

I have invested in different mutual funds through Kotak Mahendra Bank giving me an overall average return of 12% p.a. Now my relationship manager is suggesting me to MOVE my funds to Kotak PMS. Ple...

I am retired from Syndicate bank a nationalised bank --I want to know whether the nationalised bank employees are central governmantal employees for application of income tax rules e.g leave enca...

A person becomes senior citizen under Income Tax Act in any year after attaining the age of 60 even for one day. Once he attains 60 years, his status as senior citizen in that financial year, gives...