Treasury bill is a short term debt instrument issued by the Reserve Bank of India on behalf of the government of India. Treasury bills are also called zero coupon bonds since they are issued at a discount to face value and redeemed at par. Here s how the return for treasury bill is calculated and taxed.
A taxpayer will get a notice pertaining to his/her return being classified as defective due to many possible reasons like PAN name mismatch, incorrect ITR form, among other reasons. Read below to find out how to correct those errors and rectify those mistakes.
Complexities that property transactions entail can be challenging to deal with for sellers as well as buyers, particularly the taxation aspect of the entire process.