The employers issue Form 16 TDS certificate to their employees. It is proof of tax deduction at source from the employee’s salary. Further, the genesis of this Form can be …
All You Need To Know About Form 16: TDS Certificate For Salary Read More »
It is said money saved is money earned and who does not like to earn money, if not saving. In this blog, we will tell about the incomes that are …
Filing of Income Tax Return is not just a statutory compliance for the taxpayers but it also a way of informing the Government about the total income that the taxpayer has earned during a relevant financial year and that he has paid the tax on that income.
The Union Budget, 2020 amended Section 194N related to TDS on cash withdrawal from savings/current bank account. As per this amended Section, if an assessee has not filed Income Tax Return (ITR) for the last three financial years, then cash withdrawal from his/her savings or current bank account will attract TDS if the total amount withdrawn in a financial year exceeds Rs 20 lakh / Rs. 1 crore
“Sensex” and “Nifty” are the words related to stock market. But what do these words actually mean? Both Sensex and Nifty are the market indexes/indices that represent the market. They are the touchstones for any country’s stock market, for the outgrowth in the industry as well as for the individual investor’s portfolio.
There is no change in income tax slabs for the Financial Year 2022-23; Assessment year 2023-2034. Income Tax is charged on the persons as per the income(s) earned by them …
Know about the income tax slabs FY 2022-23 | FY 2021-22 Read More »
The treatment of Income from the transfer of shares can be under the head either “Income from Business” or “Income from Capital Gains”. People make Investments for the purpose of generating more …
health insurance policies not only prevent us from unforeseeable situations (like COVID-19) and expenses, but also helps in saving taxes by the way of provisions of Income Tax Act.
Financial Year is different from the Assessment Year. Financial Year is the year in which income earned and Assessment Year is the year in which income is assessed and taxed.
The due date for filing of belated/revised Income Tax Return for the assessment year 2022-23 is 31st December, 2022