Taxpayers Articles

What the New KYC Norms Mean for Your Mutual Fund Investment

CA Pallav Singhania 02 January 2016 at 11:48

Hello Everyone,After a long time I'm back to CCI.All mutual fund investors, whether new or existing, will have to provide additional Know Your Customer (KYC) details to their fund houses.Here is a 10-point cheat-sheet:1) In September this year, t

E-Sahyog - No more visits to Income Tax Office for mismatch

ABHISHEK SONI 23 November 2015 at 13:11

Great news from Income Tax Department!Now, you don�t need to present yourself in office of Income Tax Authorities for correcting mismatches. Income Tax Department has come up with a new initiative in form of E-Sahyog through which mismatches ca

Few personal IT tips - For salaried employees

ANKIT AGARWAL 31 October 2015 at 10:24

HRA (House Rent Allowance) should be exactly 50% or more of the Basic Salary Portion in order to take maximum HRA exemption relief: Transport Allowance should be increased to Rs. 19200 per

Pradhan Mantri Jan Dhan Yojna - A step towards "Ache Din"

CA Nayan Gupta 27 June 2015 at 17:31

Pradhan Mantri Jan Dhan Yojana is National Mission for Financial Inclusion to ensure access to financial services, namely Banking Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner. This financial inclusion cam

Key Changes in New ITRs and Eligibility - AY 2015-16 (FY 2014-15)

Gaurav Jain 26 June 2015 at 10:29

The Rule 12 of the Income-tax Rules was amended vide Notification No. 41/2015, Dated 15-04-2015. The new ITR Forms 1, 2 and 4S were notified for the assessment year 2015-16 vide said notification.In view of various representations received it was ann

100 things of TAX for common man!!

CA Umesh Sharma 01 June 2015 at 11:00

Karneeti Part 100100 things of TAX for common man.!!Arjuna (Fictional Character): Krishna, Today �Karneeti� is completing its Century and we will continue it. In these �Karneeti� Articles we have discussed about various taxes

Why KYC

Raghavendra Prasad M 30 May 2015 at 11:16

Dear Tax Payers , KYC is the buzzword first in Banks, next in Insurance Companies, and then Chartered Accountants offices .The Prevention of Money Laundering Act,2002 and Rules came into force from 1st July,2005, i.e., complet

Lets plan new financial year

CA Umesh Sharma 31 March 2015 at 11:06

Karneeti Part 82Lets Plan New Financial Year by following Jai HanumanArjuna (Fictional Character): Krishna, on 4th April, 2015 Hanuman Jayanti will be celebrated. So, if correlation of Hanumanji Chara

Taxpayers follow March end Rule Otherwise you may be an April Fool

CA Umesh Sharma 16 March 2015 at 10:21

KARNEETI Part 80Taxpayers follow March end RuleOtherwise you may be an April FoolArjuna (Fictional Character): Krishna, the last month of Financial Year 2014-15 March is here. Everyone is in haste due to March end f

What to expect from Budget 2015

CA SONIYA AGARWAL 07 February 2015 at 11:17

BJP Government first budget under the leadership of Shri Narendra Modi making it the most crucial one. General Expectation of people from budget is favourable tax rates, more reliefs, deductions, easy tax Compliance etc. Every year in the month of Fe