In this issue

A taxpayer reading this issue and who has still not filed his/ her returns for 2016-17 (assessment year 2017-18) has definitely missed the deadline. Yet, does this imply that he/ she can no longer file their income tax returns? Or can they file their returns, but will be required to pay a heavy penalty for the same? The Income Tax Act has answers to all of these questions, all the taxpayers need to remember here is that they have only missed the first deadline.

News Maker Sikka Kursee Kaa

India’s IT bellwether Infosys is in the news for strange reasons that one cannot sit over and pronounce judgement as to whether they are right or wrong. 

3 mins

Missed The 'Return' Bus?

Don’t worry this time, but beware of the late fee next year onwards

5 mins

Filing The ITR: Clearing The Air

The deadline for filing tax returns (August 5) is long past by the time you read this piece. Yet, CA Saurabh Gupta demystifies some myths and suppositions that all of us have when it comes to doing this annual chore. For instance, many (especially salaried taxpayers) harbour a belief that having tax deducted at source puts an end to their tax liabilities. However, it is not so. Without further ado, let us debunk ourselves of the myths surrounding that Income Tax Return (ITR)...

4 mins

Here's What You May Have Missed Out In That ITR

Here are some tips to keep in mind while sending your papers to the taxman.

4 mins

Nuances While Filing That Tax Return

Filing the tax return is obligatory, even if the assessee has had tax deducted at source (TDS) and finds that no extra tax needs to be paid.

5 mins

Cheaper Hotels, Lower Rush Lure Travellers

The travel industry catered to about nine million foreign tourist arrivals last year.

1 min

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The Finapolis Magazine Description:

The Finapolis is a premium Indian personal finance monthly magazine. It offers highly credible, actionable investment advice. The Finapolis' stock market research capabilities are unmatched. Besides the capital markets, we cover issues related to the entire spectrum of financial instruments such as mutual funds, insurance, commodities and real estate. The analysis is succinct and the design easy on the eye. The Finapolis combines impeccable research and high-quality journalism to decode complex world of investments and finance every month.