0 In the recent ongoing scrutiny assessments for financial year 2016-17, one of the main items of verification, particularly in cases of individual taxpayers, has been that of the source of cash deposited by taxpayers in their bank accounts. The rationale for this is the fact that large cash deposits were made during the year … Read more HOW YOU CAN PROVE SOURCE OF CASH DEPOSITS TO ESCAPE INCOME TAX SCRUTINY?
0 You end up using your Permanent Account Number (PAN) often, but do you know why it’s issued by the tax department? PAN enables the department to identify all the transactions of a tax assessee, including income earned, tax deducted and paid, tax returns and other specified transactions. It is mandatory for individuals to obtain … Read more WHY DOES THE TAX DEPARTMENT ISSUE PAN FOR ALL TAXPAYERS?
0 Most people have multiple loans. As a result, the equated monthly instalment (EMI) outgo accounts for a major portion of our monthly expenditure, especially for those who have a home loan. And still, few of us take out the time to understand how banks arrive at the EMI number. We tell you how the … Read more HOW BANKS CALCULATE YOUR HOME LOAN’S EQUATED MONTHLY INSTALMENT?
0 If you’ve recently taken an Ola ride, you must’ve noticed the “ride insurance” option at just ₹2 at the time of booking, or if you bought a mobile phone through Flipkart, you may have had the option of buying a mobile insurance starting at just ₹99. These are only a few examples of how … Read more SHOULD YOU GO FOR THE ₹2 COVER THAT COMES WITH YOUR OLA RIDE?