Complete Guide on Income Tax Returns Filing Income Tax Returns is an important annual exercise for individuals and businesses to comply with their tax obligations. The ITR involves reporting...
Income Tax Deductions List Income tax department with a view to encourage savings and investments amongst the taxpayers have provided various Income Tax deductions from the taxable income under...
Procedure to file ITR Under a number of circumstances, ITR filing is required by the Income-tax Act, of 1961. Even without the necessary income, there could be several other...
Everything you need to know about GST What is GST? India levies a tax known as Goods and Services Tax (GST) on the provision of some goods and services....
UNDERSTANDING THE INDIAN TAXATION SYSTEM India has had a taxation system in place for many centuries. The money gathered from taxable income is used by the government to further...
WHAT IS TAXABLE INCOME? A COMPREHENSIVE GUIDE Let’s first understand a little about Taxable Income. Earned and unearned income are both considered taxable income. Cancelled debts, government benefits (such...
INCOME TAX SLABS FY 2023-24 AND AY 2024-25 (NEW & OLD REGIME TAX RATES) The previous and new tax systems have various income tax slabs. Additionally, there are three...
BEST WAYS TO SAVE INCOME TAX FOR FY 2024-25 As the well-known proverb states, “A bird in hand is worth 2 in a bush”. One strategy to reduce your...
WHAT’S THE DIFFERENCE BETWEEN TDS AND INCOME TAX RETURN? The phrases income tax return filing and Tax Deducted at Source (TDS) are often misunderstood by taxpayers. Knowing the distinctions...
PROPRIETORSHIP TAX RETURN FILING & IT’S COMPLIANCES In India, filing tax returns is a basic requirement for all firms that operate as sole proprietorships. To maintain compliance with Indian...
