Sample this. If you want to participate in an initial public offering (IPO), you will be called a retail investor only if you invest up to Rs 2 lakh. At the same time, a retail investor is someone who invests up to Rs 10 lakh in a tax-free bond issuance.
Ritu Mishra, 26, agreed to share an apartment with a friend who was already staying on leave and license. However, when Mishra wanted to leave the place due to a tiff with her friend, the friend refused to return her deposit.
The deadline for filing the income tax return just got over and most taxpayers would have filed their income tax returns. However, only a few taxpayers are aware that they also have to file wealth tax returns.
If you failed to file an income tax (I-T) return for any assessment year in the past and later changed your mailing address without informing the tax department, the authorities might soon be knocking at your door.
You have just filed your income tax returns. You have ensured all the profits you have made from your equity investments have been accounted for and paid the 15 per cent short-term capital gains tax for all investments held for less than one year.