Income Declaration Scheme 2016 With the Income Tax Department discovering Rs. 43,000 crore of undisclosed income in the last two fiscal years and the problem of black money still prevalent in India, the Ministry of Finance on 11th of May introduced the Income Declaration Scheme 2016 in a bid to tackle the problem. So, what is [...]
Include Interest Income while filing ITR What is Interest Income? Net interest income is the difference between revenue and the expenses associated with paying out its liabilities. A typical bank's assets consist of all forms of personnel, mortgages, and security. Liabilities are the customer deposits. The excess revenue that is generated from the interest paid out [...]
Recover your Income Tax Department Password in very easy steps!!! Now, The Income Tax Department made easier to recover you password in very easy way. Forgetting password is very common mistake that every individual make, in case if there is any chance that you forget your password, here given a detailed process how can you recover [...]
Salary Income Guide The accounts department of the company sends the salary slips every month. For most people, the salary slip is important only when they apply for a loan or a credit card. It is important to understand the different components of your salary slip. It will help you to save tax on your salary [...]
Know more about your House Rent Allowance (HRA) Allowances are a fixed sum paid by an employer to employee. Most of the time, these allowances are taxable unless there are any exemptions made by law. One such allowance is the House Rent Allowance and regulated by Section-10 (13A) of Income Tax Act. House Rent Allowance: As [...]
