Day: April 19, 2018

Income Tax Department Warns Salaried Class Against Filing Wrong Returns

Income Tax Department Warns Salaried Class Against Filing Wrong Returns

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NEW DELHI:  The Income Tax Department on Wednesday cautioned salaried class taxpayers against using illegal means like under-reporting of income or "inflating" deductions while filing their returns, stating violators will be prosecuted and their employers will be intimated to take action against them. The Central Processing Centre (CPC) of the department in Bengaluru, that receives and processes the Income Tax Returns (ITRs), has issued an advisory specifying such taxpayers should not "fall prey" to unscrupulous tax advisors or planners who help them in preparing wrong claims to get tax benefits. Calling it a "cautionary advisory" on reports of tax evasion by under-reporting of income or inflating deductions or exemptions by salaried taxpayers, the department said such attempts "ai
Five Investment Schemes That Can Make You Money, Offer Security

Five Investment Schemes That Can Make You Money, Offer Security

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Financial planning can be a confusing. Various investment schemes have different features and interest rates. Investing money in stocks is risky, real estate prices are down, gold is attractive but only with a long-term perspective - while choosing a suitable investment option, an investor goes through such kinds of thoughts. Making a strong portfolio also requires an investor to diversify it for maximum returns. Putting all your money in one investment scheme or asset class is not wise, financial experts often say. Thus, diversifying your portfolio is important. NDTV here lists out five key investment schemes. (Please note that the schemes have not been selected according to any order or preference. You should make your own investment decisions.) Employee Provident Fund (EPF) A s
What to Do if Your Email Is Hacked

What to Do if Your Email Is Hacked

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Q. Could you please review best practices if one’s email is hacked? Is changing the password for that email sufficient? Is it necessary to change the email address (use a whole new email) for each site, like Amazon, that uses the hacked email as the user login? A. If you still have access to the compromised account, changing the password is one of many steps you should take to protect yourself. If you are having trouble regaining control of the account, visit your mail provider’s site for instructions on recovering your account. Apple, Google, Microsoft and Yahoo all have guides on their sites, as should other email and internet service providers. Tell your friends that your account was hacked and to ignore any odd messages that appear to have come from you. Your account may have been