28 ViewsBudget 2023 has made numerous changes in the New Income Tax Regime which will be effective from FY 2023-24 i.e. from 1.4.2023. In this
Category: Income Tax
106 ViewsIntroduction Life insurance policies play a major role in everyone’s life. It gives dual benefits such as Life security as well as Tax benefits under
297 ViewsIn Budget 2023, new income tax regime has undergone some phenomenal changes. From the beginning itself, many were reluctant to opt for new regime
175 ViewsIn this article, let’s quickly understand some major Income Tax updates as released in Budget 2023. There are quite a few small amendments as
117 ViewsMajority of the Indian Economy depends on the agriculture. Though agricultural income is exempt from tax under sec 10(1), you need to satisfy certain
987 ViewsIntroduction Filing the Income Tax Return (ITR) beyond the due date will lead to late fees under section 234F of the Income Tax Act,
378 ViewsPAN requirement for cash transactions In this article, we will cover PAN requirement for cash transactions. Currently furnishing PAN is mandatory for cash deposits
473 ViewsDid you know? Unlike basic exemption limit, Rebate under Section 87A is NOT for all Individuals. Section 87A rebate is a tax benefit, which
2,205 ViewsIn this article let’s discuss in detail, is it mandatory to file Income Tax Return (ITR) for FY 2020-21 aka AY 2021-22 for Individual
2,083 ViewsIntroduction In this article, let’s understand about the Sec 194Q applicability. Sec 194Q of Income Tax Act inserted by Finance Act, 2021 & it