Why TDS has been deducted on my EPF?

Without doubt EPF continues to be the most loved product for the salaried. Both the employee and employer contribute to the EPF kitty; and we stand in hope of it coming to our rescue at difficult times. But when TDS is deducted on EPF balance, it comes as a harsh blow. Let’s understand the reasons […]

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Sign on bonus refunded to employer cannot be reduced from taxable salary: case law

While salary returns are one of the easiest to prepare and file; the topic of sign on bonus and its refund to previous employer, has been a grey area for most taxpayers. Some common questions that get asked are- Should sign on bonus form part of my taxable salary if I have already returned it […]

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High equity allocation will be allowed in NPS

The young are often called reckless. But those who are young also have a large appetite for risk. And investing in equity offers a perfect backdrop for anyone who’s young and is ready to bet on risk. To make NPS (National Pension System) more suitable to the young (and not so reckless), PFRDA has decided […]

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What is Input Credit? And how to claim it?

Enough has been said about what a significant reform GST will be. But if there is one thing that completely stands out about this new tax, it is – the mechanism of input credit under GST. Here’s a quick check about you can expect from this blog post – For beginners – Don’t worry if […]

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Transactions that require PAN to be quoted

We receive a lot of queries from taxpayers about Permanent Account Number (PAN). The common questions are – Which transactions require PAN? Where should PAN number be quoted? The Income Tax Department is getting stricter about tracking high-value transactions. It has laid out a list of transactions where it is mandatory to to quote PAN. […]

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