Tax department issues ITR scrutiny notices. Here’s what to expect and how to file a reply
For each notice from the tax department, a particular procedure needs to be followed to file a reply
The department can pick up ITRs for scrutiny till up to six months from the end of the financial year in which the return was filed.
The PMC Bank crisis saw a substantial portion of depositors’ money getting blocked with the bank. Many fear the worse is yet to come if the bank goes in for liquidation. So, how safe is your deposit in such a situation
Health insurance is a necessity in the current times of expensive medical treatments. To make health insurance policies more standardized and simple for individuals, the IRDAI (Insurance Regulatory And Development Authority of India) had recently announced some changes.
How is the residential status of an individual determined for income tax
The income tax laws classify the residential status of an individual into three categories, depending on the individual's stay in India in the relevant financial year as well as his/her stay in the previous years. Here is a look at these categories.
LIC dominance of India's life insurance market nears three-fourth mark
LIC registered a business growth of 18 percent in September against last year, and a very robust 42 percent in the first half of the financial year between April and September, the latest data released by insurance regulators IRDAI showed.
In an interview with TOI, LIC chairman M R Kumar speaks about the focus areas for the corporation
'We are long-term players — so long as the scrip gives a return over 10-15 years, it is good enough,' Kumar stated
You do not need to reply or act upon any any income tax notice if it doesn't have a Document Identification Number
You can easily check the validity of any income tax notice or letter that you might have received