Bindisha Sarang %c2%a0%c2%a0

Vivaad Se Vishwas 2024: Assess strength of your case before settling

"The scheme, which will be effective from October 1, 2024, aims to resolve pending income tax disputes under the Finance Act, 2024," says Mumbai-based chartered accountant Suresh Surana

Create, register partition deed for legally binding property division

To make the division legally binding, the partition deed must be registered with the relevant authority

A place of your own: How to decide about buying a home in a big city

More and more Indians are buying apartments rather than living on rent

Opt for e-DRS when you are seeking relief from penalty and prosecution

The e-DRS offers a faster and more cost-effective alternative to traditional litigation

Close irregular PPF accounts of minors, shift to MFs, long-term FDs

Long-term tax-saving FDs can also be considered after the PPF limit has been exhausted.

OCI income tax depends on person's residency status under I-T Act

Now, let's explore what the OCI status means, the investments OCIs can make in India, and how they are taxed

UPS or NPS: Younger employees and risk-takers likely to stick to NPS

UPS merges elements of defined contribution and defined benefit. Under NPS, employees contribute 10 per cent of their salary while the government contributes 14 per cent

Got tax refund text? Verify source, don't divulge sensitive information

They sometimes misuse personal information collected during tax preparation, leading to identity theft or unauthorised financial transactions

Choosing NRI deposit scheme: Consider income source, remittance needs

NRE accounts allow NRIs to manage foreign income with seamless transfers to India. The interest income is tax-exempt in India

Remitting large amount abroad? Pay TCS, declare income accurately

Maintain detailed records of foreign remittances, including purpose, amount, and beneficiary details

Diversify mutual funds portfolio away from recent high performers

Stock investors must focus on finding quality companies available at reasonable valuations

Weathering the storm: Strategies for managing risks amid market turbulence

Market volatility is inevitable; staying focused on long-term goals is key to navigating it successfully

Minimise interest cost with the avalanche debt repayment strategy

Here are strategies borrowers looking to escape a debt trap can adopt

Give robust response to Section 148A notice to avoid reassessment

Taxpayers should, in the first place, file accurate returns annually, declaring income from all sources

Start, maintain Public Provident Fund account, even in new tax regime

Since PPF is a government-backed scheme, it offers full capital protection and guaranteed, risk-free return

File revised return with caution as repeated filings invite scrutiny

A taxpayer who does not revise their return within the stipulated deadline would be stuck with the original return, including its errors

Missed tax return deadline? There is a belated way to make up for lost time

Submitting a late return helps you stay compliant with tax regulations and avoid legal issues

Last-minute tax filing: Follow this checklist to avoid errors, oversights

Here's a guide to help you complete your ITR on time

Non-reporting of foreign moveable assets up to Rs 20 lakh decriminalised

Be cautious, taxman could still come after you for wilfully withholding information

Budget: Employees to pocket Rs 17,500 more as new tax regime hits refresh

Over two-thirds of individual taxpayers opted for new structure in FY24