Income Tax Return Latest News: As part of Section 139(4) of the Income Tax Act, 1961, there is a provision for filing a belated ITR if the taxpayers have missed the original deadline.
The income earned by social influencers from creating YouTube videos, or vlogging, is considered to be business income and is therefore taxable. Read for more details.
Income Tax Saving Guide 2023 for Working Professionals: As we get into 2023, it is a good time to have a proper plan in place for tax savings in the New Year.
The notification has also covered a long pending demand of the industry for re-availment of credit in case of reversal of credit due to non-payment by the supplier by insertion of a new rule 37A.
Majority of taxpayers have trouble putting tax-saving components of their financial jigsaw together. Here’s a list of tax-saving investment choices.
It’s best to complete five financial years from end of the year in which the possession was taken, to avoid the consequences of reversal of tax benefits under sections 80C and 24. No tax benefits available on application of income. No deduction available for NSC interest
ITR Filing: While the deadline to file one’s original income tax return (ITR) ended on July 31, individuals can still file belated, updated and revised returns. Read this to understand further
One of the ways to live a peaceful life is to remain tax compliant in order to avoid getting tax notices and keeping the taxmen at bay.
Given below are the income tax slabs for sole proprietorship business, professionals, partnership firms and domestic companies registered under Companies Act, 2013. The income tax slabs and rates mentioned below are applicable for the current financial year. Read on to know more about it.
Income Tax Rates and Slabs 2023 (Assessment Year 2023-24): The Income Tax rates and slabs that were applicable in AY 2022-23 are expected to remain the same in the New Year (AY 2023-24).
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