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2016
  • The Income Tax Department has announced that it will bring up new ASKs (Aayakar Seva Kendra) soon in its endeavor to improve its services. ASKs were introduced by the tax department with the aim to make its services more accessible to common people. Now tax department will add 60 more centres to in several third tier cities like Goalpara, Morigaon, Siliguri, Haldia, Dharmapuri, Hardoi, Neemuch, Mandsar, Rewari, Sonepat, etc. covering areas from Assam to Madhya Pradesh. More than 300 ASKs are already operational in many prominent cities out of which 58 were added last year by the government.
  • CBDT has taken up the task of creating new ASKs on priority. CBDT has also asked the field offices of the tax department to create teams to undertake the task and speed up the process. This step will make common tax related services more accessible to the people. For those of you who do not know about ASK, here is a brief description about it:

2016
  • You have probably heard this a hundred times, “you have got to work smart not hard to succeed”.
  • How do you define working smart though? Would working smart mean less work and not working hard to be smart? If we work hard does that have nothing to do with working smart? Do smart people not work hard? Or do hard workers not work smartly? Confusing, right! Let’s take a deeper look.
  • Traditionally, working hard is considered to be the cornerstone of achievement. You work hard at something, burn midnight oil, sweat and out run everyone else around you, to reach your goal. Maybe it’s school, or grad school, or looking for a job. Maybe it’s learning a new skill, or improving an existing one for that manner.

2016
  • It’s easy to assume that as society becomes wealthier and healthier people would become more fulfilled and happy, but this is not the case. Despite all the advancements in technology and increasing access to information and resources people are not becoming happier.

    increase your happiness

  • Maybe this is why happiness has become such a popular topic in self-help over the past decade. We are in search of a path leading to true fulfilment and satisfaction and we don’t know which direction to turn.

2016

“You can still file tax returns”

“Delayed returns can be filed up to two years”

“Returns without paying penalty accepted up to March 31”

  • Have such news items been leading you to believe that the tax filing deadline of July 31 is not written in stone. Well, there is reason enough for you to adhere to the time line for filing returns notified by the Income Tax Department.
  • Though one is permitted to file delayed returns for reasons beyond ones’ control. However, the deadlines for delayed returns have been shrunk as per the Union Budget 2016, as passed by the Parliament recently.

2016
  • Budgeting, a habit that is rated very low since many do not follow it, is actually the best way to manage personal finances. We all are used to receiving the monthly pay on a fixed date and then spend it generously over the next 20 days of the month. The dwindling situation of the pocket comes to notice only in the last few days of the month and then we are left with no choice but patiently await the next pay day.
  • Here is how you can avoid being broke during the last days of the month by following some simple budgeting practices:

2016
  • We think that poor worry about money and rich don’t. But trust me, when it comes to taxes, we all worry about money. A study done by Business News Daily showed that financial fears take the top seat among reasons to worry. Tax season is on and people have either filed their tax return or planning to do the same. Dealing with tax creates a lot of stress in our mind but once we are done with it, we look for some payback and our weapon in this endeavor is Income Tax Return. Filing tax return may result in healthy tax refund. Tax refunds are excellent stressbusters. Everyone wants to get a juicy refund after filing taxes because who doesn’t want to be rolling in money.
  • However, not everyone is lucky enough to get a cheque from the tax department. If you are expecting a tax refund, you certainly don’t want to be at the bottom of the waiting list. You must be careful while filing return if you want deep pockets. If you paid more than your share to the taxman, then you deserve a refund. All you need to do is avoid some pitfalls to get your tax refund on time:

Financial Management