Uploading or submission of your Income Tax returns (ITR) on the Income Tax e-filing portal does not complete the process of your filing.

After you have uploaded or submitted your ITR on the portal, you get 120 days to verify your return. If you fail to verify your tax return within this stipulated time, then it is considered invalid as per law.

A return may be verified either by sending a signed copy of ITR-V to CPC (Centralized Processing Centre), Bengaluru through speed post/ordinary post or by e-verification through online modes. 

There are 6 ways to verify your income tax return. Out of these, five are electronic methods and one is a physical method.

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Instances when a Son may not inherit the property of his Father.

According to the Hindu Succession Act, 1956, a son or a daughter has the first right as the Class I heirs over the self-acquired property of his or her father if he dies intestate (without leaving a will).

As a coparcener, an individual also has the legal right to acquire his or her share in an ancestral property.

But in certain situations, as discussed below, a son may not receive his share in his father’s property.

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In absence of a comprehensive health insurance cover, medical expenditure may become one of the biggest expenditures if any member of your family falls ill. Even if a protection cover is in place, one may have to incur sizable expenses on medical tests and medicines as all the expenses may not fulfill the conditions for cashless procedures or reimbursements.

So, in case you have spent a lot on medical checkups, treatment, and medicines for yourself and/or for family member(s), you would like to have some relief through tax benefits.

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Replies: 6