2018 - Wealth18.com

Jul22018 by wealth18.comNo Comments

[How to] View your Form 26AS online – Check Tax Credit Statement

The last date for filing return is quite near (31st July). Before filing the returns, check your Form 26AS to make sure that TDS deducted are appropriately credited to your account. As the due date for income tax is 31 July, you need to make sure that tte returns are file on time. From April 2018, tax rules have changed and a penalty of upto Rs 10000 will be levied if the return is not filed on time. Also, the ITR revision time limit is also changed from 2 years to 1 year. See details When your employer deducts TDS from your Salary or your bank deduct TDS on your FD Interest, they need to deposit this amount to Government against your PAN. If they enter your PAN incorrectly, you will not get credit for that TDS amount. So, It is always better to check your Tax Credit Statement (Form ...

Jul12018 by wealth18.comNo Comments

How to pay balance Income Tax online

Taxation

As you know the last date for filing income tax returns for AY 2015-2016 (FY 2014-2015) is 31st Aug 2015. For many Individual salaried taxpayers, the TDS is deducted by employer. Bank also deduct TDS on interest payment.You can check how much TDS is deducted by them by checking your Form 26AS online. However, at the time of filing IT returns, when you add all your incomes and you may realise that there is a tax due which needs to be paid. In that case, you should NOT submit the return before filing the tax. If there is any tax due showing, then pay the tax first , then enter the tax paid details in ITR, and then submit the ITR. Ideally when you finally submit your ITR, your TAX should either be "ZERO" or there is a refund. Important Posts How to file Income Tax Return online [How to] V...

Jul12018 by wealth18.comNo Comments

How to activate or check PF UAN status online

PF

In this post, I will explain how can you get your EPF Universal Account Number (UAN) online and how to check or activate or register your UAN and how to check the UAN status online. Also, I will explain how to check the PF Balance online using UAN. What is PF Universal Account Number (UAN)? Universal Account Number (UAN) is unique 12 digit “portable” number allotted by EPFO to its members. You will be able to check your employee provident fund balance, download PF passbook, receive monthly credit updates/alerts and even transfer funds from old accounts to existing account. How to check your PF UAN Status Your UAN is readily available with employer. You need to take the UAN number from employer and then activate it at the link provided below Go to the UAN portal -...

Jul12018 by wealth18.comNo Comments

How to File Income Tax return (ITR) online – Step by Step Guide for eFiling

Featured, Taxation

As the due date for income tax is 31 July, you need to make sure that te returns are file on time. From April 2018, tax rules have changed and a penalty of upto Rs 10000 will be levied if the return is not filed on time. Also, the ITR revision time limit is also changed from 2 years to 1 year. See details To avoid the long queues and complications, most people prefer to delegate the task to tax consultants or chartered accountants. E-filing of return is easy, fast and secure. You can file your return online without much bother if you take care of a few things. In this post, we will explain – How to file Income Tax return online for FREE in simple steps. 1) E filing of income tax return is mandatory – if your total Income is Rs 5 lakhs or more. Digital signature is not requir...

Jul12018 by wealth18.comNo Comments

[How to] get Electronic Verification Code (EVC) to e-Verify Income tax return for AY 2018 -2019

Taxation

Now you can e-verify your Income tax returns and there is no need to send physical ITR-V to Income Tax office. As per new notification by Income Tax department (Notification 02/2015 dates 13th July 2015), you can online verify your Income tax return using Electronic Verification Code (EVC). Presently, individual taxpayers had to send the physical copy of ITR acknowledgment (ITR V) to CPC Banglaore. Only taxpayers having digital signatures could sign it online. But with this new Electronic Verification Code (EVC) facility, tax payers can e-verify their Income tax rteturns. As the due date for income tax is 31 July, you need to make sure that te returns are file on time. From April 2018, tax rules have changed and a penalty of upto Rs 10000 will be levied if the return is not filed on ti...

Jun302018 by wealth18.comNo Comments

How to Avoid TDS on Interest on Fixed Deposits (Bank FD)

How to Series, Taxation

Bank Fixed deposit is an all-time favourite investment in India as it provides a decent fixed return for the fixed period and relatively safer as compared to other forms of investment products. Specially, in current interest rate scenario, the fixed deposit rates are quite lucrative (8.5 – 10%). However, it is likely that rates will go down further, so it is advisable to lock-in your interest rates if you want to invest in FD for longer term. Banks are required to deduct Tax (TDS) @ 10 % if the interest earned on FD exceeds Rs 10,000 in a financial year. This could have a significant impact on the amount received at maturity. I am sure that everyone wants to save tax and to avoid any deduction from their hard earned money. Most common queries, I received from friends are: My Ban...

Jun302018 by wealth18.comNo Comments

Section 80TTA – Tax deduction for Interest on Savings Bank Account upto Rs 10000

Taxation

As per Section 80TTA of Income Tax Act 1961, Individuals & HUF can claim deduction upto Rs 10000 for Interest earned on their Savings Bank Accounts. Summary of Section 80TTA of Income tax Act 1961 Through Finance Act, 2012, section 80TTA under Income Tax Act, 1961 is introduced to give additional income tax deduction upto Rs 10000 for Interest on Saving Account with Bank, Co-operative Bank or Post Office. The section is applicable with effect from April 01, 2013 and will apply from AY 2013-14 and onwards. Only Individual and HUF are eligible to claim deduction under this section. As, nowhere in the section mentioned that this benefit is available for Residents Only. So, it is assumed that even NRI can claim this benefit. (on their NRO Interest) Points to Note 1. Interest earned f...

Jun302018 by wealth18.comNo Comments

[How to] open ITR V – Password to open ITR Acknowledgement Form

Taxation

If you are filing online Income Tax retuns & not using Digital Signature, you need to take print of ITR V (Acknowledgement), sign it & send it by post to IT Processing Centre. Once you submit your return, ITR V is emailed to your on your registered email. Else, you can downoad the ITR V or ITR Form via Income Tax efiling website. After Login , Go to My Acount --> My returns / Form --> Cick on Acknowledgement Number However, ITR V pdf file is passwod protected. To open the PDF, please enter your PAN in lower case and date of birth in DDMMYYYY format without any space between the PAN and date fields. For example, if your PAN is ABCDE1234A and date of birth / incorporation is November 17, 1985 then the password will be abcde1234a17111985 . You need to send ITR V to “Income T...

Jun302018 by wealth18.comNo Comments

Rites Limited IPO – Allotment Status, Allotment, Listing Date, Analysis, Details, Review,Issue Price

Stocks

Rites IPO Allotment Status - You can check Rites IPO Allotment Status here. To check the allotment, you will need wither your PAN number or Application No., or DP/Client ID : https://linkintime.co.in/ipo/public-issues.html The company after consultation with book running lead managers has fixed final issue price at Rs 185 per share. RITES is going to list its equity shares on the BSE and NSE on Monday, July 2, 2018 [xyz-ihs snippet="ad1"] Update (Day 3) : Issue Overall oversubscribed 67 times - Retail quota over-subscribed 55.52 times. Qualified institutional buyers (QIBs) quota was subscribed at 71 times , non-institutional investors 194 times. Update (Day 2) : Retail quota over-subscribed 5.59 times. Qualified institutional buyers (QIBs) quota wa...

Jun292018 by wealth18.comNo Comments

(Aug / Sep 2019) ICICI Bank Offers, Discount, Cashback on ICICI NetBanking, Credit Card, Debit Card

Offers/ Discounts

If you have ICICI Bank Account, have ICICI net banking, ICICI debit or credit card, you can avail various offers as below. I have tried to list all the ICICI offers on one page: Get 10% instant discount on Amazon (on EMI transactions) - Ending 24th July 2018 - Details Get 5% cashback on Reliance Digital (on EMI transactions) - Ending 29th July 2018 - Details Get Rs 100 off on Dominos Pizza (on ICICI Internet Banking) - Details FoodStreet Offer 15% off 14th July 2018 Details Costa Coffee Offer 20% Off on bills over Rs 200 14th July 2018 Details Pizza Hut Offer 20% Off on bills over Rs 200 14th July 2018 Details Vaango Offer 20% Off on bills over Rs 200 14th July 2018 Details Baskins Robins Summer Offer upto 60% off on range of Milkshakes 1...