Last updated : 1st September, 2018 Cost Inflation Index is used for Calculating Long term Capital Gain. Every year, Income Tax department notifies Cost Inflation Index. CII is very useful to calculate Long Term Capital Gain Tax. Capital Gain = Sales Consideration – Indexed Cost of Acquisition Indexed Cost of Acquisition
Last updated : 27th July, 2018 The government on Thursday extended the deadline for filing income tax return for assessment year 2018-19. The deadline of July 31, 2018 has been extended by a month to 31st August 2018 Assessee can now file their income tax return (ITR) for financial year
Last updated : 20th July, 2018 Many income tax changes are applicable from 1st April 2018 that you need to know: 1. Penalty on late filing of Income Tax return (applicable 01 April 2018) Penalty of upto Rs 10000 will be charged if you file your ITR after the
Last updated : 20th July, 2018 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
Last updated : 20th July, 2018 You can file ITR 1 & ITR 4S online (without using the excel ITR file). In this post, I am providing step-by-step guide to file these returns on Income tax efiling website. As the due date for income tax is 31 July, you need to
Last updated : 20th July, 2018 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
Last updated : 3rd July, 2018 Hopefully, you are claiming deduction upto Rs 1 Lakh under Section 80C by investing in various eligible options. If not, please read the article here about 80C tax deductions. After exhausting the limit of Rs 1 Lakh u/s 80C, you must be thinking –
Last updated : 3rd July, 2018 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
Last updated : 3rd July, 2018 In the month of March, most tax payers rush to invest their money in tax saving instruments. Though it is better to do the tax planning at the start of year & plan your investments over the whole year. Many salaried taxpayers has to
Last updated : 20th July, 2018 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