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Download Automated Income Tax Master of Revised Form 16 Part A and B for the F.Y.2020-21 as per New Section 115 BAC New and Old Tax Regime

In Budget 2020 introduced a new Section 115 BAC. The Finance Minister introduced a new style of Income Tax System that can be easy step to forthcoming Financial Year, the … Read More

Benefits of U/s 80GG with Automated Income Tax All in One for the Govt & Non-Govt Employees for the F.Y.2020-21 with New and Old Tax Regime U/s 115 BAC.

Section 80GG is an uncommon arrangement under Chapter VI-A of the Income Tax Act, 1961, which gives tax respite to the individuals who don’t benefit house rent stipend. To get … Read More

Retirement & Income Strategies – Sources of Retirement Income

One’s retirement income may come from many different sources, including: CDs and Savings, Non-Qualified Annuities, Investments and Mutual Funds or Qualified Plans (401(k), IRA, 403(b), etc.) Qualified plans offer a … Read More

Punjab chooses Option-1 to meet the GST implementation shortfall

26 States and all Union Territories with Legislative Assembly have favoured Option-1 Punjab will get Rs.8,359 Crores through special borrowing window to meet the GST implementation shortfall Permission to raise … Read More

6 Cliches About Mutual Funds You Should Avoid

I clearly remember that when I started this blog 10 years back (2009) – regular questions were “what is Mutual Funds or SIP”. But a lot has changed in this … Read More

Automated Income Tax Arrears Relief Calculator U/s 89(1) With Form 10E For the F.Y.2020-21 (Amended Version)

Did you get any advancement salary or arrears of salary? If genuinely, you might be worried about the tax consequences of the same. Should I have to pay taxes on … Read More

How To Report Self-Employment Income At Tax Time

It makes no difference whether you do occasional jobs or work full-time as an independent contractor; current tax laws require that you report this income at tax time. Cash payment … Read More

Should A Senior Citizen Invest In Pradhan Mantri Vaya Vandana Yojana

Pradhan Mantri Vaya Vandana Yojana (PMVVY) was launched a few years back to provide an avenue of income for senior citizens in the country.  It expired in March 2020 but … Read More

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