Maximizing deductions is a key strategy for saving money on taxes in India. By reducing the amount of taxable income, taxpayers can lower their tax liability and keep more of their hard-earned money. Income tax software can be a powerful…
Q.1 – How Is It Safe to Use Software for Tax Return Filing? Safety and security are the key features of any ITR software. Now a days, user data safety is crucial aspect of any business. Hence you should use…
Legislative Changes in Customs Laws
Hon. Finance Minister, Nirmala Sitharaman’s Budget Speech 2023 had several proposals for the benefit of taxpayers in the lowest and highest tax brackets. Below are some important changes in Income Tax: Income Slab rate 3,00,000 Nil 3,00,001 to 6,00,000 5%…
Getting income in your account every month is really too comforting, but filing the income tax returns for the same annually is quite a pain! However, if you know the easy ways to file your ITR accurately then there would…
New ITR forms are live. Don’t forget to file the Income Tax Return this year. Keep all the required documents handy before filing your Tax Return. If you are one of the below-mentioned person, you should consider filing the ITR…
Today you need to file your income tax returns attentively and on time if you are a citizen of India with a source of income. The consequences of failing to file your taxes might be severe. Your income will be…
An individual may pay more tax than they are obligated to pay at times. You can seek an income tax refund if your advanced tax or tax deducted at source (TDS) is greater than the amount you owe. ITR refunds…
The spread of COVID-19 appears to be slowing in India, but the pandemic’s economic impact is still being determined as new waves of COVID-19 infection emerge locally. As a result, any revenue impact of covid-19 on GST collection in India…
Refund application time limit changed: The refund claim of ITC on inward supplies can be made only within 2 years from the last day of the quarter in which supply was received. Earlier, it was 2 years from relevant date.…