-
Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.
-
Income Tax on Maturity of Insurance
Hello All Please Guide As per IT Rule, Insurance Maturity is taxable in hands of premium is more than 10% of Insurance Amount, Posting Screenshot of Rule... Please guide if Premium refers to Total/Cumulative Premium for whole FY or Monthly Premium ? Like if monthly premium of policy of 10... -
-
Income tax 10 lac limit for SFT... Is it for bill payments or Include all payments made before bill generation also... What is the rule ?
Hello friends Need an clarification.. People are saying the limit of reporting by bank in SFT is if we pay credit card bills more than 10 lakhs in a financial year.. Please if you could confirm does this Qo lakhs include the payment which I make before bill generation ? Suppose In an year , i... -
Income tax notice for credit card spends..
Hello everyone . It's Rule that Bank will report transactions above 10 lacs in a year by any person to income tax authorities.. i have seen many people rotating money by rent, bills payment or selling credit cards.. well infact, I am too a part of it.... Has anyone recieved notice from ITR...