For individuals who have filed their income tax return (ITR) and are expecting a refund, it’s crucial to know that the income tax department will not process your refund until your return…
Tag: claim
ITR Filing: Why are some taxpayers unable to claim rebate under sec 87A?
Taxpayers are entitled to claim a rebate under section 87A of the Income Tax (I-T) Act, 1961, which enables them to pay ‘nil’ tax when their income is up to ₹5 lakh…
EPFO Update: New rule simplifies EPF death claim process. Here is how
EPFO Update:: The Employees’ Provident Fund Organisation (EPFO) has stated that in light of the challenges encountered by field offices and the inability to rectify/update Aadhaar details following a member’s death, it…
Can I claim capital gains exemption for 2 plot sales by investing in one house?
I sold urban land and deposited the money in the Capital Gains Account Scheme before the due date for filing the ITR. In the current year, I have sold another urban land….
How to claim unclaimed deposits and investments? A step-by-step guide
The shares, dividends, and debentures that have remained unclaimed for seven years or more get transferred to the Investor Education and Protection Fund (IEPF), a repository set up under the Companies Act…