Section 56(2)(x): gifts above Rs 50K aggregate per year from non-relatives are taxable. Relatives list, wedding exemption, inheritance, Rs 269ST cash limit, ITR reporting.
Belated return (Sec 139(4)) and revised return (Sec 139(5)) explained: deadlines, late fees, loss carry-forward rules, filing process, worked examples.
ITR-U lets you file return up to 24 months after AY end. 25% additional tax within 12 months, 50% within 24. Cannot claim refund or reduce tax. Section 139(8A) explained.
In short: Form 15G (below 60) and 15H (senior 60+) submitted to your bank stop them from deducting 10% TDS on FD/RD interest. Threshold is Rs 40K/year for under-60, Rs 50K for seniors. Without these forms, TDS sits with IT Department for 9-15 months until you claim refund via ITR. Submit fresh forms every April…
Form 12BB is the standardised investment declaration salaried employees give to employer for TDS calculation. Submitted in Q4 (Jan-Mar) with proof. Common traps + fix.
PAN-Aadhaar linking penalty, status check, inoperative PAN consequences. ₹1,000 fee under Sec 234H, 20% TDS on inoperative PAN, exemptions, fix process.
Why your fuel/grocery card may not earn rewards where you expect: MCC codes explained, common surprises (BigBasket is e-commerce, IRCTC is railways), card-specific MCC sensitivity.
Card strategy for a ₹15-30L Indian wedding: category-card mapping, welcome bonus stacking (₹50K-1L free), sample budget breakdown, traps to avoid.
Truly lifetime-free credit cards with 5+ years of stable LTF status: ICICI Amazon Pay, Kotak 811, IDFC FIRST, RBL Shoprite, SCB Smart, HSBC. Cards that lost LTF status + how to verify.
Reward expiry rules across every major Indian credit card issuer: from never-expire (Amex, IDFC FIRST) to 12 months (Axis, HDFC CashPoints, Kotak). Strategies to never lose points.
RBI’s October 2022 tokenization rules forbid merchants from storing your card number. They store a merchant-specific token instead. How it works + why this matters.
HDFC SmartBuy redemption tutorial: per-card conversion rates, best categories (flights vs vouchers vs statement credit), quarterly caps, hidden quirks, step-by-step booking.