Workers’ Provident Fund Tax Advantages: It’s that point of the 12 months when it's a must to select between the previous and the brand new revenue tax regime in order…
New versus previous earnings tax regime - understanding TDS on wage: The brand new monetary yr, 2024-25 has begun ranging from April 1. Nevertheless, the earnings tax legal guidelines from…
HRA claims aid: The Central Board of Direct Taxes (CBDT) has clarified that there isn't a particular drive to reopen instances associated to Home Lease Allowance (HRA) claims. The revenue…
New Versus Outdated Tax Regime: Salaried taxpayers have an important resolution to make within the subsequent 10 days concerning their earnings tax regime for the present monetary 12 months 2024-25.…
When it comes to investing your hard-earned money, it's important to consider the tax implications of your chosen investment options. Taxes can significantly impact your investment returns, so understanding the…
HRA tax exemption guidelines: Home Lease Allowance (HRA) is a typical element of many staff' wage packages. In contrast to primary wage, HRA is not completely taxable, topic to particular…
IT large Infosys stated on Monday that it had been issued a tax demand of ₹341 crore by the Earnings Tax division for the evaluation 12 months 2020-21. “Infosys Ltd…
Story continues under Commercial Financial institution of India introduced on March 31 that it has acquired a requirement discover amounting to Rs 1,128 crore from the Evaluation Unit of the…
Story continues under Commercial Infosys Ltd, India’s second-largest software program providers supplier, is ready to obtain a tax refund of Rs 6,329 crore from the revenue tax division. Nonetheless, the…
Financial institution of India: After the tremendous was imposed by the Revenue Tax Division on behalf of the federal government financial institution, it was mentioned that it's within the means…
Funding in ELSS mutual funds for tax advantages: For those who're following the previous tax system for the 2023-24 monetary yr, be sure to end your tax-saving investments and bills…
Tax advantages of NSC: The Nationwide Financial savings Certificates (NSC) is a government-backed scheme ideally suited for low-risk traders. It presents assured returns and tax advantages. NSC certificates can be…
Up to date ITR deadline: Because the deadline for updating Earnings Tax Returns (ITRs) for the fiscal yr 2020-21 attracts close to, many people have lately obtained emails from the…
MUMBAI: In a latest ruling, the Supreme Courtroom (SC) clarified that reductions given on the print value of pay as you go SIM playing cards and recharge coupon vouchers by…
A major survey highlighted inside a examine demonstrates widespread settlement amongst tax professionals on the utility of Generative AI (GenAI) in tax compliance, accounting, and auditing. They count on the…