SIMPLE TAX INDIA

SIMPLE TAX INDIA


High-value spends/transaction must be show in Income tax Return

Posted: 21 Mar 2011 07:14 PM PDT


Now that the Budget is well behind us, it is time to prepare ourselves for filing our income tax returns, for which the last date is July 31. Last-minute compilation of data often results in giving minimum importance to annual information return (AIR) required to be filed along with the returns. AIR(in Income tax return one section is relates to AIR) is a medium through which an individual...

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Financial Terms Meanings starts with A

Posted: 21 Mar 2011 06:55 PM PDT


NameDescription Account StatementA statement issued by the mutual fund, giving details of transactions and holdings of an investor. This is normally issued in lieu of a unit certificate. Adjusted NAV (Total Return)The notional net asset value of a unit assuming reinvestment of distributions made to the investors in any form. This is relevant to calculate the total returns from the fund. Age Of...

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