Articles by Abhishek Ranjan Singh

Budget 2025: No Income Tax Upto Rs 12 Lakhs Explained

Posted by Abhishek Ranjan Singh 03 February 2025 9124 Views

Under the new tax regime, there will be no income tax on annual earnings up to Rs. 12 Lakhs, with an additional Rs. 75,000 standard deductions for salaried taxpayers, raising the limit to Rs. 12.75 Lakhs

New Income Tax Regime or Old Regime: What should a Salaried Taxpayer choose?

Posted by Abhishek Ranjan Singh 20 July 2020 61781 Views

In the Union budget 2020, the Finance Minister proposed a New Tax Regime as an alternative to the existing Old Tax Regime.

Understand the demonetisation scheme - A Imandaari ka Utsav

Posted by Abhishek Ranjan Singh 10 November 2016 20050 Views

UNDERSTANDING OF OHD (Rs.1000/- & Rs.500/-) NOTES SCHEME (A Imandaari ka Utsav, A Pramanikta ka Parv and A Mahayagna)- Abhishek Ranjan SinghPM Narendra Modi

We can still file the ITR

Posted by Abhishek Ranjan Singh 06 August 2016 14296 Views

Due date for filing Income tax return was 31st July(Extended date this year till 5th August 2016) and you miss to file it within due date you can still file it...

Understanding tds on purchase of immovable property

Posted by Abhishek Ranjan Singh 18 April 2016 76686 Views

Understanding of Notice, Penalty, Late fees and Interest on TDS for Purchase of Immovable PropertyAs per Finance Act of 2013, TDS is applicable on transfer of Immovable property, wherein the consideration of the property exceed

Understanding of Compliance Query of Income Tax Department

Posted by Abhishek Ranjan Singh 06 April 2016 179462 Views

Income tax department has started sending notices (Compliance Query) to non-filers for the assessment year 2013-14 & onwards & are also using the said information to verify under-reporting of income. The income tax department has been capturing infor

Why we should file the return? If salary is less than 5 Lakh

Posted by Abhishek Ranjan Singh 27 February 2012 86204 Views

Why we should file the return? if CBDT exempts return-filing for salaried having total income upto Rs 5 Lakh. IN MY OPINION IT IS ALWAYS BETTER TO FILE THE RETURN Some reasons:- 1.The tax department has notified that individuals with salary