best tax saving elss funds

Best Tax saving Mutual Funds: Best ELSS Mutual funds in 2020

Did your tax-saving plan get jeopardized due to the current pandemic? Don’t worry! You can still invest in some tax-saving Mutual Funds, i.e. the ELSS funds until the 31st of July and claim your tax deductions for the last fiscal year. People keep looking for investment instruments to grow their wealth and also save on […]

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Salary slip, payslip sample

Salary Slip: Components, Importance Download Salary Slip Format in Excel, Word

A Payslip is such an important document that it is required to be produced for availing benefits and separation payments to an appropriate recipient after an employee is deceased. What is Salary Slip or Payslip? A salary slip or Payslip is a document issued by an organization to its employee that comprises a list of […]

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income tax

Income Tax in India: Guide, IT Returns, E-filling Process 2020

Income tax in India can be categorized in Direct tax and Indirect Taxes. Taxes can be categorized according to their nature, aim and method of taxation. Some economists differentiate direct taxes from indirect taxes based on the shifting of the ultimate burden of taxation. Thus, it can be said that a direct tax is a […]

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What is Form 15 G? Why 15G form is required for FD?

ITR filing: What are Forms 15G and 15H? Why should you fill it?

Around 5.52 Crore citizens and 8.41 Lakh companies filed for income tax returns in the financial year 2017-18. Form 15G and 15H have to be submitted to avail tax exemption benefits on total investment.  Any tax deduction on interest income can be restricted up to a stipulated limit through such forms. Form 15G has to […]

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Reasons for Receiving A Tax Notice

Top 10 Reasons for Receiving A Tax Notice From Income Tax Dept.

There are multiple reasons for why you as a registered taxpayer, might receive a tax notice from the income tax department like missing the due date of ITR filing, calculation errors, claiming excessive losses, etc. The income tax department issues the tax notices to registered taxpayers under the Section 139(9), 143(1), 143(2), 143(3), 245, 144, […]

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How to File GSTR-3B on GST Portal

How to File GSTR-3B on GST Portal?

GSTR-3B is a return that has to file by every registered taxpayer. Every taxpayer needs to file this GSTR-3B until June 2019. GST Portal provides the facility of filing GSTR-3B. However, you may face some problems while filing GSTR-3B on GST Portal: Values cannot be copy-pasted. This may increase the chances of errors due to […]

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