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Got an income tax notice? Here are common types of tax notices and what to do to avoid penalties The Income Tax Department issues various notices for reasons like mismatches, pending dues, or inquiries. Prompt action, accurate information, and expert help when needed are essential to avoid penalties and ensure compliance. Addressing these notices can effectively safeguard you against further complications with the Income tax department
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Last day to lock in at 9.10% FD rate: This bank to cut fixed deposit interest rates from tomorrow Suryoday Small Finance Bank will revise FD interest rates from June 1, 2025
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Special FD interest rate up to 7.8%: IDBI Bank revises FD rates across special deposits, check Utsav FD deadline The new rates become effective from May 16, 2025. Special Utsav FDs offer attractive rates for 444, 555, and 700-day tenures. Senior citizens get higher returns. Savings account interest rates also see changes, with higher balances earning more
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ITR filing 2025: Excel utilities for ITR 1 and 4 for FY 2024-25 (AY 2025-26) released by Income Tax Dept; Check who can file A key change in ITR-1 now invalidates filings for certain TDS sections, directing taxpayers with income from sources like online games or crypto to use other appropriate forms
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Received your OCI card and want to open an NPS account? Here’s what you must know Contributions must be made through NRE/NRO accounts, with NRE accounts recommended for those wanting to remit funds back to their country of residence. But if an NPS subscriber has given up on their Indian citizenship and hasn't yet received or applied for an OCI card, they are not eligible to hold an NPS account
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Where should NRIs invest—in India or abroad? These 5 principles will help you get your wealth creation on right path A balanced, globally diversified portfolio is key, aligning with personal goals and mitigating risks like currency depreciation. Strategic planning, compliance, and professional advice are crucial for long-term wealth creation and preservation
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When will salaried employees get Form 16 to file income tax return for FY 2024-25 (AY 2025-26)? This TDS certificate makes the process of ITR filing easier for the salaried taxpayers. The deadline to file income tax return for the FY 2024-25 has been extended by the Income Tax Department to September 15, 2025. When will a salaried employee receive their Form 16 from the employer?
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NRIs to pay lower LTCG tax on these equity shares due to proposed forex fluctuation benefit in New Income Tax Bill 2025
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8.25% interest rate on EPF balance for FY 2024-25 got final nod from Govt: Check how it will impact your EPF balance As the government has approved this interest rate, it will impact the EPF balance of the EPF account holders. Read on to know how much interest you will get and when EPF interest will be credited to your account
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33% more money on tax refund interest this year for income taxpayers due to ITR filing deadline extension
Got an income tax notice? Here are common types of tax notices and what to do to avoid penalties The Income Tax Department issues various notices for reasons like mismatches, pending dues, or inquiries. Prompt action, accurate information, and expert help when needed are essential to avoid penalties and ensure compliance. Addressing these notices can effectively safeguard you against further complications with the Income tax department
