Home - Taxation - Income Tax

Income Tax

Income Tax Discussion and Analysis. Ask your queries related to Income Tax,eTds,Income Tax Challan,eFilling income tax online etc. Discuss any question related to Income Tax efilling and returns.

How To Link PAN with Aadhaar through SMS ?

Linking Aadhaar Number with PAN is compulsory as per the Income Tax law. It is also mandatory to file e Returns. Government has made it mandatory to link all Permanent Account Number (PAN) of individual with Aadhaar Number. As per the law, all PAN numbers which are not linked to Aadhaar card will become invalid soon. The Income Tax Department has ...

Read More »

New ITR Form For 2017-18, e-filing Mandatory for Demonetization Cash Transactions

New-ITR-form

Income Tax department has notified new Income Tax rationalized form Sahaj Form – I for filing income tax returns. They have also made Aadhaar number and disclose bank deposits of more than Rs 2 lakh post-demonetization i.e. November 9 to December 30, 2016 mandatory.  The Income Tax Return Form-1 (Sahaj) will replace the existing 7-page form. Sahaj form – I makes ...

Read More »

Download Income Tax Calculator FY 2016-17, AY 2017-18 in Excel Format

Download income tax calculator AY 2017-18

Income Tax Calculator for FY 2016-17 and AY 2017-18 is now available for download in excel format exclusively on Askbanking.com. This Income tax calculator is very much useful for Government employees especially for Bank employees for easy calculation of their salary income tax and deduction on arrears paid due to promotion and increase in Pay scale. Income Tax Calculator in ...

Read More »

Why is it needed to File Tax Return of Dead Person ?

ITR Death person

As per Income Tax rule section 159 , it is necessary to file tax return of dead person if liability incurred. It is the duty of the legal heir to file the tax returns of dead person or any one who claim the assets of deceased. How Much Income Tax needed to pay by Legal Heirs ? As per the ...

Read More »

Download Income Tax Calculator AY 2016-17 in Excel

Download Income Tax Calculator AY 2016-17 in Excel – Income Tax Calculator for Financial year 2015-16, AY 2016-17 have been created in excel format for free download. This calculator is exclusively designed for Bank employees based on the 10th Bipartite settlement with additional calculation of Income tax on arrears. This Income tax Calculator for FY 2015-16 having many features which ...

Read More »

10th Bipartite Arrears Tax Relief Calculator

10th Bipartite Arrears Tax Relief Calculator  – Salary Arrears Relief Calculator For FY 2015-16  for Bank Employees who have been paid salary arrears as per the 10th Bipartite settlement. Income Tax relief have been calculated based on the provision of Income Tax section under 89(1) . As per the Income Tax Relief under chapter VIII (Rebates and Reliefs) of the income-tax ...

Read More »

How o Calculate Stamp Duty Value in Capital Gain Tax ?

How o Calculate Stamp Duty Value in Capital Gain Tax ? – Stamp duty value is the value asses sable by any authority of a State Government for the purpose of payment of stamp duty. Income Tax  section 50C​​ defines that computation of capital gain arises due to transfer of land or building or both, if the actual sale consideration of ...

Read More »

How To Get Income Tax Rebate on Capital Gains ?

​How To Get Income Tax Rebate on Capital Gains ? – Number of times common Income Tax query regarding Capital Gain Tax ” whether any bonds available to claim capital gains tax relief? “ As per the notification released by Income Tax  section 54EC  One Can claim Income tax relief by investing the long-term capital gains in the bonds issued ...

Read More »