Category Archives: Uncategorized

ITR forms for AY 2016-17 – Paper Filing Format

ITR forms for AY 2016-17 – paper filing format has been notified by the income tax department. As speculated, the Income Tax Department has notified the ITR Forms for Assessment Year 2016-17 much earlier, though the schema for electronic filing is yet to be made available hope to get it soon as well. Below we… Read More »

Clubbing of Income Section 60 to 64 – Some Facts & FAQ’s

‘Diversified Income’ the word itself defines what it means. Its normal human tendency to diversified its income sources to manage the income as well as saves some taxes on it. Generally the individual does this by investing his savings in the name of his spouse or children’s. It may seem ordinary to invest money for… Read More »