Form 26AS – Your Tax Credit Statement

Income Tax Department has taken many taxpayer friendly initiatives in the recent times and sharing the access of Form 26AS is one of these initiatives. Here are four things you must know about Form 26AS: What is Form 26AS? Form 26AS is the statement showing the details of taxes paid on your Permanent Account Number…

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ELSS – Clubbing Investing and Tax Saving together

The financial year has just ended and I came across many of my friends doing last minute investments for tax. Such investments ranged from a deposit in PPF, tax saver fixed deposits, taking new insurance policies etc. One thing which was quite uncommon was investing in Mutual funds for the purpose of tax saving. Hence,…

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Debt Funds – An Alternate Investing Avenue

Till recently, a majority of household savings were diverted into bank deposits and gold. However, with the emergence of a financial market in India, a variety of investment avenues have opened up. Savers can make use of the new opportunities available to avail higher returns than the traditional investment avenues. One of these is debt…

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CIBIL Score – Credit History of your debts

One of my friend, Vivek, had applied for a housing loan from one of the leading private sector banks. However, he was quite disappointed when he got a call from the bank that his CIBIL score was good enough to pass the internal appraisal process of the bank and therefore, the loan cannot be sanctioned…

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Banking Ombudsman – Last Mile Solution to your Banking Grievances

A couple of months back, there was a news in the media regarding HDFC Bank levying quarterly charges to its ‘Preferred’ customers. However, the best part about it was that such inclusion of the customer in the list of Preferred customers was not carrying an express consent from the customer and further, such charges were…

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Additional Disclosures in Income Tax Returns

The financial year 2016-17 has just ended and Income Tax Department has already released the income tax return forms, so as to ensure timely compliances by the citizens. While the income tax return forms have been made complicated and complex with each passing year, the data collection through Income Tax Returns (ITRs) has also been…

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Pain of Rs. 1000 Note

In a surprise move on 8th November, our PM announced the demonetization of existing series of high denomination notes of Rs. 500 and Rs. 1000 from the coming midnight. In simple words, the Govt. effectively made Rs. 500/ Rs. 1,000 notes non-eligible for any market transactions with almost immediate effect. While this move attracted lots…

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9/11 Moment for Black Money in India

While I was out for dinner with my friends a couple of days back, my mobile started ringing with constant message and Whatsapp notifications. The pace of messages was indeed alarming for me to make a quick check on what had really happened. I could read just a couple of notifications and all were providing…

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A New Season, A New Beginning!

With a new season of Blogbuddy unfolding, it is now the time to take the real thing, the blogging thing to the next level. While I have been a part of Blogbuddy v1.0 and v2.0 as well, the activities mostly remained confined over the discussion part and the execution part was missing therein. Even though…

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India at Rio Olympics 2016

I woke up today at the news of the wrestler, Sakshi Malik ending the medal jinx haunting the nation and finally opening accounts for India’s medal tally at Rio Olympics 2016. These games have brought more disappointments than positives for India, which had sent its largest contingent ever to Olympics. In the majority of the…

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