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: Tax structure in new personal income tax regime, introduced in...
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 be no pain in doing this. Income tax returns...
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 this year. As per ITR rules,...
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 impacted if you do not file your tax returns. The majority...
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 are a mechanism to ensure that any additional taxes you have...
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 will have certain flaws...
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