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Understanding Tax on Cryptocurrency and Virtual Digital Assets

The world of cryptocurrencies and virtual digital assets (VDA) has gained significant popularity in recent years. As governments seek to regulate these assets, India’s Income Tax Act introduced Section 115BBH, which became effective from April 1, 2022. This...

Fixed Deposit over multiple Financial Years, Tax and ITR

Fixed Deposit (FD) is an investment product which allows you to invest a lump sum of money for a fixed period and at a fixed rate of interest. It is one of the simplest investment product with many benefits. In India, you can invest from 7 days to 10 years. Interest...

Fixed Deposit , Interest , TDS, Tax,Income Tax Return, Refund

We have got many queries on fixed deposit and request on writing about fixed deposit only from perspective of income tax return. So this article is answers to questions: Is Fixed Deposit interest taxed? Is TDS deducted? Do I need to pay tax if TDS is deducted? How to...

TDS Rates for FY 2020-21 on Income, Fixed Deposit, Mutual Funds etc

TDS stands for tax deducted at source. Prescribed persons(Employers, Seller of Property, one who hires contractor), are required to deduct tax (TDS) on specified transactions as per TDS Rate Chart and pay it to the government within the stipulated time. TDS Chart...

Submit Form 15G for EPF Withdrawal online, TDS, Sample Filled Form 15G

In May 2019, EPF Member Website for employees allows one to submit the Form 15G for EPF Withdrawal online to avoid TDS. This article explains Rules of TDS on EPF Withdrawal, How to submit Form 15G, How To fill Form 15G. Overview of Form 15G and EPW Withdrawal Now you...
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