While dealing with money matters, it is very essential to know the maximum balance that can be kept in a savings account to avoid any
Solutions indicate how the process of tax planning is being revolutionized in corporate organizations. By employing such tools, companies can be more precise with their
CBDT Permitted Other Persons to Claim TCS Credit for Tax of Expenses Like Foreign Tour and Study Abroad Background As a part of this noble
New Instructions by CBDT for Compounding Offences Speaking of the Central Board of Direct Taxes (CBDT), it has timely come up with newer enforcement strategies
The Direct Tax Vivad Se Vishwas Scheme (DTVSV) 2024 is another step by the government of India that seeks to settle and close the number
In a significant move to simplify the tax filing process for salaried individuals and minors, the Central Board of Direct Taxes (CBDT) has initiated a
This form is modified by the Income Tax Department every assessment year (AY) for the introduction of new rules, the integration of procedures, and improvements
Introduction Planning taxes can be intricate because of the huge number of deductions and exemptions available for use. Although a great many people know all
Introduction Section 80DD is designed especially for those people who are facing personal challenges in their life. For providing with the required support in order
Introduction Knowing how to save taxes is pivotal for senior citizens who rely vigorously upon their savings and investments. Section 80TTB of Income Tax Act
Introduction Sections 80C, 80D, and 24 are the usual suspects when it comes to income tax deductions (b). But have you ever dug into the
Introduction For those burdened with education loans, Section 80E of the Income Tax Act offers a valuable deduction on the interest paid, easing financial pressure.
Introduction Section 80EEA is an attachment or a corresponding insertion in the Income Tax Act 1961. This section allows home loan borrowers to get additional
Introduction Section 80EE Income Tax Deduction helps new buyers to buy a home. If you need help with your income tax deductions. With Section 80EE,
Introduction Every taxpayer in India, while filling out ITR, looks for different ways to deduct as much as possible by showing investment and other ways.
Introduction If you have been a regular donor for any charity purpose and are looking for a deduction, then the Income Tax Act 1951 offers
Introduction Introduction: Here is the news: If you are under the impression that the interest you are saving in your bank account will yield more
Tax season is here, and with it comes the annual routine of filing income tax returns. This may seem like a lot of work to
Companies interacting with MSMEs will see a significant difference following the most recent section 43B of Income Tax Act amendment. This modification seeks to simplify
One of the main components of the Indian tax system, the Income Tax Challan facilitates tax payment. To comply with the law and efficiently handle
The modifications made to the Income-tax Act, 1961, as detailed in the Finance Act, 2023, are the main source of the new revisions included in
If you want to learn how to get to a financially successful destination without doing this in a literal sense, while at the same time
The Income Tax Department of India for the assessment year 2024-2025 has considered certain vital changes in form ITR-1. Thus, these changes ultimately help to
अवलोकन आज के समय में वित्तीय लेनदेन और आयकर की दुनिया में पारदर्शिता और वास्तविक समय की जानकारी बहुत महत्वपूर्ण है। भारत में आयकर रिटर्न
GST Annual return is an annual return filed in form GSTR-9 wherein aggregate information for complete year is required to be furnished about Output Tax
I. Introduction to Input Tax Credit (ITC) Input Tax Credit (ITC) is a mechanism in the GST framework that allows businesses to reduce the taxes
Introduction to ITR 4 Form The ITR 4 Form is a crucial tax return form designed for individuals who have income from various sources such
Income Tax Return (ITR) filing is a process where we tell the government how much money we earned. It’s important because it helps the government
Income tax is a fundamental aspect of the financial system, requiring individuals to contribute a portion of their earnings to the government. While the concept
An Income Tax Return (ITR) is a document that a taxpayer uses to disclose his income, costs, tax deductions, purchases, and taxes. The Income-tax Act
As we all know, ITR filing time is running out. Thus, every taxpayer must remember income tax return due dates to avoid penalties under the
Small enterprises are the foundation of the Indian economy, driving growth and employment. Small business owners must understand the numerous tax deductions available to them
Overview Transparency and real-time information are more important than ever in today’s financial transactions and income tax compliance world. The Income Tax Return (ITR) services
Under the Income Tax Act of 1961, a tax audit is a cross-examination of the taxpayer’s books of accounts by a chartered accountant who holds
Notification for ITR 1 and ITR 4 for FY 2023-24 (AY 2024-25) CBDT vide notification dated 22nd December 2023 has notified two Income Tax Return
