Figyan

CA Bigyan Kumar Mishra

is a fellow member of the Institute of Chartered Accountants of India.He writes about personal finance, income tax, goods and services tax (GST), company law and other topics on finance. Follow him on facebook or instagram or twitter.

10 mistakes to avoid while filing Income Tax Return for FY 2023-24

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With the concept of e-filing, more and more taxpayers are finding it easy in filing their income tax returns instead of visiting the local tax office.Even with this simplified process, a lot of taxpayers do mistakes while filing their annual tax returns.In this article, we have listed the most common mistakes taxpayers make while filing income tax returns.Mistake … [Read more...] about 10 mistakes to avoid while filing Income Tax Return for FY 2023-24

How bank recurring deposit scheme or RD works in India

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Recurring deposits or RD is a systematic investment plan for Indians. Anyone interested in opening a RD account can open it by submitting required documents to the nearest bank or post office.In this article, we will let you know how to open a recurring deposit account in bank and post office, advantages and disadvantages associated to a RD account and Interest rates … [Read more...] about How bank recurring deposit scheme or RD works in India

Income tax return form – How to choose the right ITR for tax filing

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Every year, Income tax return (ITR) forms are notified based on certain factors like nature of income, quantum of income, residential status and type of assessee.Old income tax return forms (ITR) notified for earlier financial years can't be used for the recent financial year as new forms incorporate changes brought out in recent amendments to the finance act.While … [Read more...] about Income tax return form – How to choose the right ITR for tax filing

4 best bank deposit schemes or Investment options for retail investors

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As a retail investor, you can invest in a risk free deposit scheme of a bank or post office for better return.In India, we have different type of deposit schemes to invest. As a retail investor you can choose any of these private or public sector banks to invest your hard earned money in a secured way.Today, in this article, we will discuss 4 best deposit schemes for a … [Read more...] about 4 best bank deposit schemes or Investment options for retail investors

Tax Return filing due date for Individuals – FY 2021-22

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In India, an individual is required to file his income tax return on or before the due date of filing if income for the financial year is over the basic exemption limit.Basic exemption limit has been fixed by the government for each financial year in our annual budget.For the financial year 2020-21 (AY 2021-22) and financial year 2021-22 (AY 2022-23), the basic … [Read more...] about Tax Return filing due date for Individuals – FY 2021-22