Archive | Clubbing of Income

Do remember to include these ‘income from other sources’ in your income tax return

Do you have any income from other sources. Any residual income which is not included in the other 4 heads (Salary, House Property, Capital Gains, Business & Profession) is included under the head income from other sources.   Here are some examples of incomes that tax payers may skip. Do make sure you include the […]

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Sukanya Samridhi Account : Deduction under section 80C

The Prime Minister recently launched the Sukanya Samridhi account scheme under his ‘beti bachao beti padhao campaign’ for the benefit of the minor girl child. Deduction under section 80C – A minimum amount of Rs 1,000 must be deposited each year in this account. A maximum Rs 1,50,000 can be invested in each financial year. The […]

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