Treatment of Taxation for “Agriculture Income” – Complete Guide

tax on agricultural income

Major Portion of Indian Economy includes “Agriculture portion”. What would be the treatment of taxation for agriculture income? Most of the people still including farmers are unaware of the taxation system and ignore to fill income tax return. Although Agriculture income is exempt under section 10(1) of the Income-tax Act. Income incurred from agriculture up to ₹ 5000 … Read moreTreatment of Taxation for “Agriculture Income” – Complete Guide

Financial Resolution 2019 (That Actually Works)

Financial Resolution

Every year comes with an enthusiasm for new resolutions to achieve the target and implementation of new habits which will impact the whole life. Have you set a resolution for your financial health. In this article “Financial Resolution 2019”, you get to know low efforts resolution which will impact your holding. Making you money health and fruitful, … Read moreFinancial Resolution 2019 (That Actually Works)

6 Smart Idea’s to Plan your Diwali Bonus Fruitfull

Diwali bonus investment ideas

Diwali Bonus is one of the satisfaction in the form of money for the employee. Are you the lucky one [wp-svg-icons icon=”thumbs-up” wrap=”i”] I am sure you have planned your entire bonus on the lifestyle-related purchase. Have you ever planned to utilize the amount in a proper designed way to keep yourself financial healthy? There are … Read more6 Smart Idea’s to Plan your Diwali Bonus Fruitfull

Effect of NPA (Non performing assets) in Banking Sector

Impact of Non performing assets

The role of the banking sector in economic transformation is significant as banks play a vital role in providing the desired financial resources to the needy sectors. Bank itself posses the controlling power of the economy. The flow of money person to person, business to business, country to country just due to the banking system. … Read moreEffect of NPA (Non performing assets) in Banking Sector

Mistake rectification under section 154 of income tax act.

Mistake rectification under section 154 of income tax act

You are a taxpayer, it doesn’t mean you only make mistakes, sometimes the Income-tax department also makes mistakes. In this article, we will learn about mistake rectification under section 154 of income tax act. Before moving ahead: What is Section 154 of Income Tax Act? Income tax rectification has executed both ways from the individual (taxpayer) or by … Read moreMistake rectification under section 154 of income tax act.

Awesome! (5) Easy Ways to “E-verify” Your Income Tax Return.

e-verify income tax return

Today I’m going to show you exactly how to e-verify income tax return using pre-validation. E verification of ITR is mandatory otherwise it will be treated unfilled. Once your ITR is uploaded on the e-filing website, you get 120 days to verify your return. ITR form asks the taxpayer before the commencement of filling your return to … Read moreAwesome! (5) Easy Ways to “E-verify” Your Income Tax Return.

How To Check Income Tax refund Status? – Simple steps by step guide.

incometaxrefundstatus

If you are entitled to get the income tax refund that means, you are a lucky man 🙂 Income tax department not only levies income tax on your income but also refund the excess amount back to you under Section 244A income tax refund. I personally feel proud and happy when I get the message of … Read moreHow To Check Income Tax refund Status? – Simple steps by step guide.