Save taxes while applying for an education loan

The admission fee for higher studies is usually not a small amount and many parents and students find it difficult to arrange for it. Thankfully education loans are available in such situations that enable students

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Who are required to file & mode of filing of ITR-5 for AY 2014-15

1. Who can use this Return Form?
This Form can be used a person being a firm, LLPs, AOP, BOI, artificial juridical person referred to in section 2(31)(vii), cooperative society and local authority. However, a

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Implement Passbook scheme for TDS, Timley Income Tax Refund

The insistence on manual filing of TDS certificates before AO for verification of refunds claim should be done away with.
The tax deductor’s duties and obligations in terms of making information compliance and also depositing

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I-T returns should also include wealth tax returns

I-T returns should also include wealth tax return so that the taxpayer need not separately file wealth tax returns. These returns should also be processed together in the CPC at Bengaluru.
The disclosures in the

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ICAI suggests single ITR form to replace all ITR forms

In Its pre-budget Memorandum 2014 on direct taxes ICAI has suggested that A single ITR form should be prepared. At present, we have different ITR forms for different assessees which make filing of ITR a

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ICAI suggests Generation of Form No. 15G, 15H ,60 and 61 through system

Issue – Form No.15G/15H is a form of declaration that has been prescribed for those persons who desire to receive certain specified income without deduction of tax at source. These forms can be used only

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