TaxAdda TaxAdda provides updated information about tax laws in India. Our motive is to provide information in easy to understand language with highest accuracy.

There are many ways in which you can reset password of your online income tax e-return online account portal. Step 1 -> Go to https://incometaxindiaefiling.gov.in Step 2 -> Select Login Here option from the left hand side bar. Step 3 -> Click …

Peer to Peer lending (P2P) concept although new to the Indian investors and borrowers, gaining popularity at a rapid pace. The complex and time consuming processes by banks and strict conditions is increasing the interest of common people in it. The loan is in …

A businessman has two options while taking a loan for his business. Either to opt for long term funding like LAP (Loan against property) or to go for flexible funding like Cash Credit (CC) or Overdraft (OD). Long term funding generally carries …

Depreciation is the reduction in the value of assets due to wear and tear. It is a method of allocation of cost of the asset over its useful life. Every asset is subject to wear and tear in the normal course of …

Life insurance is the mostly used tool for getting deduction  under section 80C. Tax benefits, no risk and insurance benefits make it an all time favourite investment for the general public. The payment of life insurance premium is allowed as deduction under …

The choices for an investor while selecting the appropriate mutual funds are endless. One of the choices involves choosing between a growth or a dividend type of mutual fund. There are pros and cons to both the types and the option you …

Each tax payer in India under the direct orders of Central Board of Direct Taxes (CBDT) is allotted a Permanent Account Number by the Income Tax Department. It’s a 10 digit unique alphanumeric number, and is compulsory for all financial transactions an …

The common man is not an experienced and professional investor. They make investments sparingly hoping that it will set them for life. They make investments with the hope that they will be able to buy a home, educate their children, and have …

Introduction International Finance Corporation (IFC) issued and listed new debt instruments by the name of Masala Bonds on London Stock Exchange (LSE) to gather funds from foreign investors to invest in India. This can help foreign investors diversify their exposure to Indian …

A number of benefits are given in the Income Tax Act of India to the senior citizens apart from general deductions and benefits. Senior citizen is a resident individual who is of 60 years or more at any time during the previous …