How to show interest on NSC in Income Tax Return?

showing interest on NSC in Income Tax Return

How to show interest on NSC in Income Tax Return? One of the best ways to save income tax u/s 80C is investing in National Saving Certificates. NSC can be purchased from the post office, which has 5 years tenure. While you can claim this amount from 80C exemption, interest from NSC is taxable. It needs to be shown as taxable income while filing income tax return. However, there is a lot of confusion about how to show NSC interest […]

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What is Form-16 and how to file Income Tax Returns with it?

What is Form-16

What is Form-16 and how to file Income Tax Returns with it? Now, it is the time for Income Tax Returns. Employees would have received Form-16 or still waiting for Form-16 from their employers to file income tax returns. What is this Form-16 meant for employees? What does Form-16 contain? How to use this Form-16  to file income tax returns in India? What is Form-16? Form-16 is a document issued by employer to employee about salaries paid, Perquisites offered, details […]

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Missed ITR filing – Still you can file income tax return of previous years

Missed IT filing - Still you can file income tax return of previous years

Missed ITR filing – Still you can file income tax return of previous years We all were under severe pressure to close the income tax returns filing. Servers were not working and Form-16’s were delayed. Several individuals would have missed to file IT returns. Do you know that you can still file IT returns of previous years? Also Read: How to file income tax rectification online What is the normal deadline to file ITR? Generally Income tax return (ITR) should […]

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