What is Sugam? Sugam means accessible is a simplified business income tax return form ( ITR 4S). Why Sugam was initiated? To align the system to web platform To popularise e-payment and e-filing of income tax and tax deduction at source (TDS) returns. Benefits of Sugam Simpler and Tax Friendly Forms Faster Processing …
As per Income Tax Act 1961, it is obligatory for all salaried persons to file income tax return. Going forward, starting from the assessment year 2010 –2011, salaried employee whose annual income is up to Rs 5 lakh. In a recent circular from the Central Board of Direct Taxes – “No …
Self certified Syndicate Bank (SCSB) is a bank, which is recognized as a bank capable of providing ASBA services to its customers. The list of SCSBs are as below :- * Allahabad Bank * Andhra Bank * Axis Bank * Bank of Maharashtra * Bank of Baroda * Bank of India …
Actively investing in financial instruments like stocks, bonds, Mutual Funds are called as Active Investments. In case of Active Investments, the investor knows exactly the types of financial instrument where he/she is investing and also understands the instruments clearly and buy/sell investments actively. The investor invests with a goal to …
Both active as well as passive investing are two different types of investing styles. Let’s understand what active investing and passive investing are? Active Investing As the name suggests, if you are actively investing in financial instruments like stocks, bonds, mutual funds is called as active investing. In active investing, the …
Every salaried employee is eligible for Rent tax deduction under the Income Tax Act. What is House Rent Allowance? House rent allowance (HRA) is an allowance provided by the employer to the employee to meet the expenses incurred of renting a house. Every employer as a part of the salary component, …