We all spent tremendous amount of time mugging in various investment schemes to cut our tax outgo in the last fiscal year but it is not wise to rush at the last minute to save tax. We must plan our investments at the start of the year. 1. Invest the Increment This is the time […]
How to Save TDS on Fixed Deposit Interest?
How to Avoid TDS on Fixed Deposit Interest in India? Last year return of fixed deposit beat both Nifty returns and returns from gold. While investors in gold faced negative returns, the Nifty gained just 6.6 per cent in 2013. Bank fixed deposits pre-tax returns had generated as much 9-9.5 per cent. Keeping in the mind […]
Things to Know before Investing in Fixed Deposit
Few tips for investing in Fixed Deposit Fixed Deposits are considered best and safest form of investment which gets tax benefits as well as steady returns. Fixed Deposits are either kept with Banks or Company but FD kept with Companies is not eligible for tax deduction, only FD kept with banks for term period of 5 […]
Banks to Provide Acknowledgment of Receipt of Form 15-G / 15-H
RBI/2012-13/516 DBOD.No.Leg.BC.100/09.07.005/2012-13 May 31, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Acknowledgement by banks at the time of submission of Form 15-G / 15-H As you are aware banks are not required to deduct TDS from depositors who submit declaration in Form 15-G/15-H under Income Tax Rules, 1962. However, it has been brought […]
Download New/Revised/Latest Form 15H and Form 15G w.e.f. 1st April 2013 (AY 2013-14/ FY 2012-13)
Download Form 15H and Form 15G in Word/PDF/Excel Formats with effect from 1st April, 2013 i.e. AY 2013-14 / FY 2012-13 The Income Tax department has been modified the Form 15H and Form 15G as per amended notification No. 11/2013 [F.NO.142/31/2012-SO(TPL)]/SO 410(E) Dated 19.02.13 for the Assessment Year 2013-14. The New Form No. 15G and […]
TDS Forms Amended via Notification 11/2013
TDS Form 16-16a-24q-26q-27c-27d-27q-27eq Amended via Notification 11/2013 TDS related forms and rules regarding digital signature of TDS return has been changed through INCOME-TAX (SECOND AMENDMENT) RULES, 2013 – AMENDMENT IN RULES 31A & 31AA; SUBSTITUTION OF RULES 31ACB, 37J AND FORM NOS.15G, 15H, 16, 16A, 24Q, 26Q, 27C, 27D, 27Q & 27EQ AND INSERTION OF FORM NO. 26B, notification […]
Form 15G and Form 15H FAQ’s
Introduction to Form 15G and Form 15H Everyone is aware that Form 15G and Form 15H are used for avoiding the TDS deduction while computing the interest earned during the financial year. In this article we are discussing important points to remember while submitting the Form 15G and Form 15H to the deductor. We have […]