The Modi group was alleged in a black money case that he was attempting to evade tax by not disclosing money stashed in a Swiss bank.
Having a PPF even gives you benefits under Section 80C. Under Sec 80C of the Income Tax Act, investments up to Rs 1.5 lakhs qualifies for tax rebate.
An individual is eligible for tax refund any year if the amount of tax paid by him/her exceeds the amount of tax payable by him. This is the
Form No 12BB is mainly used for estimation of income or calculating tax deduction at source. Here are certain things to know about this new form.
Some banks, specifically some private banks are offering good interest rates on these amounts. Here is a list of some private banks that offer the best interest rates