« Top Headlines » Open DEMAT Account in 24 hrs  ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR  ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief  ITAT Delhi Quashes Tax Notice on AMU PG Student’s ?18.34 Lakh Stipend, Declares It Tax-Free Under Section 10(16)  Advance tax deadline September 15: What happens if you missed the previous instalment payment?  How much gold jewellery can you keep at home? Nagpur ITAT explains rules on ownership, gifts, taxability  ?5.31 lakh TDS refund allowed by ITAT Delhi: Why absence of an original ITR did not block the taxpayer  Missed the ITR Filing Deadline? How to Claim Your Income Tax Refund and Correct Mistakes Before December 31, 2026  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  Income-Tax Department Moves to Bring Greater Certainty to International Tax Cases «  Flat buyers may not have to pay service tax... Tax dept rejigs scrutiny system... » SIB's tax saving deposit scheme August, 08th 2006 South Indian Bank has launched a fixed deposit scheme, called `Sib Tax Gain 2006', which will offer tax savings options to customers. This follows the recent Government notification, which has included fixed deposits in the list of savings schemes that are eligible for tax exemptions under Section 80 C, said a press release from the bank. The deposit can be opened with minimum Rs 100 and in multiples of Rs 100 up to Rs 1 lakh for five years under simple interest or compound interest scheme. Senior citizens are eligible for higher rate of interest at par with other deposits, said the press release. The deposit can be in the name of individuals or joint or the Hindu undivided familyDeposit can be transferred from one branch to another of the bank. This deposit cannot be closed within five years, nor it can be pledged for a loan, the release said.