"I claim exemption from withholding". What does it mean? Describe and differentiate between Keogh plans, and individual retirement arrangements. What's the difference between a nondeductible IRA, and a Roth IRA? What is an annuity? Briefly explain how an an ...
ITR-1 is filed by taxpayers whose income is up to Rs 50 lakhs from the below-mentioned sources:If the income is from one house property (the case where losses of previous years are carried forward are not included in this ITR) If the source of income is pension or salary If the ...
ELSS funds are the best tax saving investment option. They fall under the diversified equity category as they invest 80% of their assets in equity and equity related instruments. These tax savings mutual funds qualify for tax exemption of INR 1.5 lakh undersection 80Cof the Income Tax Act, 19...