Income tax Archives - H&R Block| Blog
June 30, 2017
Don't Ignore Income from other Sources

Don’t Ignore Income from Other Sources while Filing Tax Returns

Taxpayers often ignore different types of income while filing their income tax returns. These incomes fall under ‘income from other sources’ category. This may happen due to the taxpayer’s unawareness about the taxability of such income or they hiding it intentionally from the tax authorities. […]
June 19, 2017

Find out How to Link PAN to Aadhaar in Quick Easy Steps

Through Finance Bill 2017, the government made changes in the tax laws and made it mandatory for taxpayers to link their PAN to Aadhaar. The government also prescribed an online procedure so that people can link their accounts easily. But several taxpayers have been facing problems […]
May 16, 2017

Document Checklist for Salaried Personnel Filing Taxes!

Tax filing is an intimidating task for many tax filers due to lack of clarity in the documentation involved. One of the most common questions troubling a salaried tax filer is to find out the documents needed to file Income Tax Return. If you are […]
March 27, 2017
Aadhar Card for Income Tax Filing

‘Voluntary’ Aadhar Card now ‘Mandatory’ for PAN and for Filing Income Tax Returns

The Government of India is speeding up on the road to curbing tax evasion. So, it is leaving no stone unturned in achieving this target. As you know black money was one of the major electoral promises of the NDA (National Democratic Alliance) government in […]
February 17, 2017

PAN Deactivation by I-T Department

Income Tax Department is on a mission to deactivate PAN cards of people. Don’t worry, they aren’t cancelling everyone’s PAN card. As per the law, an assessee is allowed to hold only one PAN card under his name, but some people keep multiple PAN cards […]
December 28, 2016

Five New Year Tax Resolutions You Ought to Make

New Year, new goals, a fresh breeze of change blowing through! Well, it is the right time to promptly correct behaviour which is causing harm and replacing them with those which would go a long way in ensuring happiness and well-being. The year 2016 witnessed […]
November 23, 2016
Swiss Banks to Share Information with India

Swiss Banks to Share Information with India

Government has given another blow to parallel economy by signing an agreement with Switzerland for automatic exchange of information or AEOI. This agreement will help India in obtaining all information on transactions made by Resident Indians to Swiss banks. Indian government has no official estimation […]
October 13, 2016
national saving scheme

Tax Benefits Linked National Saving Certificate (NSC)

National Savings Certificate or NSC is a popular investment tool among government driven small savings schemes. It is also one of the lucrative investment options for availing income tax deductions u/s 80C. There are multiple benefits of making investment in NSC. Let’s have a look […]
October 7, 2016
Income Declaration Scheme

Income Declaration Scheme Ends! What Next?

Income Declaration Scheme (IDS) which lasted for 4 months has finally come to an end. Although the scheme was plagued by a slow beginning, it picked up in the end and drove more than 65,000 declarants to disclose approximately Rs. 75,000 crores of black money. […]