Skip to content

Income Tax Return

3 Topics 6 Posts
  • EPFO TDS is missing in 26AS/Form 16.

    2
    0 Votes
    2 Posts
    19 Views
    S

    If EPFO TDS is missing in 26AS/Form 16, raise a grievance on the EPFO portal using your UAN. Also, contact your employer or EPFO office to request they file a revised Form 24Q; they're responsible for correcting it.

  • Income tax on cumulative FD.

    2
    0 Votes
    2 Posts
    32 Views
    R

    FDs are safe, but you need to diversify your investment to get better returns and risk management. With FDs your can secure your future and it’s a good idea. To understand the FD Taxation and Planning, you need to understand these points:

    If your total FD interest exceeds to Rs.40,000 then bank will deduct 10% TDS annually. There is a a procedure of taxation on maturity of your FD. Your annual tax liability may vary. So its better to do some -tax saving investments like PPF and ELSS.
  • 0 Votes
    2 Posts
    31 Views
    V

    It’s important to resolve any unpaid bills and possible tax problems.
    Make sure you have all the receipts and invoices for any kind of unexpected medical bills, purchase of the property, business expenses or any travelling related to your job profile. If you have taken any loan, make sure you have all the valid loan documents.
    But if you can't justify your spending, just be honest while filling your tax return. You can get help from a CA regarding tax filling and handling interaction with tax department.