The government today announced the interest rates for small savings schemes for the July-September 2017 quarter. Interest rate on Public Provident Fund (PPF) has been cut by 10 basis points to 7.8% Interest rate on Kisan Vikas Patra has been cut by 10 basis points to 7.5% Interest rate on National Savings Certificate has been cut […]
Should bloggers register for GST? The whole story and a clarification
Yesterday, The Economic Times carried a story in print (see online version here) that explores whether GST will apply to bloggers. One of the quote mentions ClearTax and is reproduced below. Bloggers earning under `20 lakh a year from their blogs do not have to register for GST, said a tax consultant with online tax-filing […]
PFC Bonds eligible for claiming Exemption from Long term Capital gains Tax
Any profit arising from the sale of long term capital assets is called as long term capital gain and is chargeable to tax at the rate of 20%. However, you can save this tax if you invest the amount of capital gains in long term specified bonds as notified by the government under section […]
From 1st July anyone who has aadhaar must mention it in ITR
Much debate has been going on about whether Aadhaar must be provided in income tax return. Recently, the Supreme Court of India has said that if you have an Aadhaar Card you must mention it while filing your income tax return. Here is a brief summary of the honorable Supreme Court’s decision : Starting 1st July, […]
Due date for furnishing Form 16 by employers extended to 15th June 2017
The due date for employers to furnish Form 16 to their employees for FY2016-17 has been extended to 15th June,2017. Earlier as per income tax rules, the due date for furnishing Form 16 by employers was 31st May,2017. Form 16 is an important document for every salaried person. It contains the details of TDS deducted […]
Tips for Parents to Save on Their Child’s Education
During this lifetime of a parent, probably the most important phase comes at the time of the child’s education. Quality education is very important for the upbringing and future of the child. We all know this; the importance of education is not something we need to talk about. But getting a quality education has become […]
7 Ways Your Personal Finances Changed in Three Years of The Modi Government
Narendra Modi took oath as the Prime Minister of India on 26 May 2014. A lot has happened in these past three years, not only on the political front, but in the world of personal finances as well. Has it been Achche Din for your money? Let’s take a look at how the Modi Government […]
7 Tips to Make Income Tax Return Filing a Breeze
It is that time of the year and the due date (31 July 2017) for filing income tax return is approaching. Here is a quick checklist for you to start filing your income tax return and complete it in one go. Have your PAN ready Make sure you have an Aadhaar card Get Form 16 […]
5 Financial Ways to Make Parents Day Special for Mom & Dad
The United Nations has proclaimed 1st June to be the Global Day of Parents. Of course, one day is hardly enough to celebrate the commitments and sacrifices made by our parents; literally every day should be Parents Day. That said, a Global Day of Parents is a good reason to do something special for your […]
Exemption from quoting Aadhaar Number/Enrolment ID to certain individuals
The central government recently made the quoting of Aadhaar Number/Enrolment ID mandatory for filing of return of income and for making an application for allotment of Permanent Account Number with effect from 1st July, 2017.But now the government has given relief to certain persons/states from quoting of Aadhaar/Enrolment ID. As per the notification dated 11th […]