About Wealthsane:
Darshana and Ganesh (name changed), our recently added income tax clients, took a ₹50 lakh education loan this year to send their daughter abroad for higher education. Mr. Ganesh, who is 56 and likely to retire in the next 2-3 years, regrets not planning earlier...
There are currently seven different ITR forms: ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7. Each taxpayer must file their ITR every year before the due date, which is July 31st. The specific form a taxpayer needs to use depends on their income sources, total...
All the residents and ordinary resident of India as per income tax act, HUF, NRIs (specifically those who Returned to India and now resident), Foreign Citizens (OCIs, PIOs, Others), who either returned back to India on permanent basis or come to India for a longer...
Last week a client of ours called to understand a few things on taxation, out of them one of the queries was on year-end tax saving declaration & investments....
With increased access to information and technology, the income tax department has become more active in sending tax notices and intimations to taxpayers. Upon receiving these notices, it's essential not to panic immediately. Some notices are merely for informational purposes, while others require your intervention...
Answer this question. Suppose you are being given an opportunity to travel to the moon and come back. To do this you have been allotted a Hi-tech Time travel machine whose initial speed is 10 km per week. Make a note, the speed of this machine will...
Why? Just why, people invest in dividend base funds, when instead they have the option to invest in growth? To check whether you have a dividend-based fund in your portfolio, look at your monthly mutual funds statement. In that, alongside the name of the fund if it's...