Articles by Pranab Banerjee

Automating Income Tax Filing for 50 Employees with Form 16 Part B in FY 2023-24

Pranab Banerjee 07 December 2023 at 09:15

The tax season is upon us, and for businesses with 50 employees, mastering Form 16 Part B for the financial year 2023-24 is crucial. In this comprehensive guide..

The Impact of Tax Reforms on Individuals and Businesses for the AY 2024-25

Pranab Banerjee 26 October 2023 at 12:26

Tax reforms play a pivotal role in shaping the economic landscape of a nation. In this article, we will delve into the significant impact of tax reforms on both individuals and businesses, exploring the benefits, challenges, and real-world examples of their influence.

Strategic International Tax Planning Solutions: Your Guide to Effective Tax Management

Pranab Banerjee 07 October 2023 at 09:13

Discover the best strategies for international tax planning solutions in this comprehensive guide. Learn how to optimize your tax situation and protect your finances.

The Simplification of the Income Tax System

Pranab Banerjee 04 October 2023 at 09:13

In the realm of financial governance and economic management, the simplification of the income tax system has always been a topic of paramount importance.

Demystify Intricacies of Deduction under Chapter VI-A

Pranab Banerjee 28 August 2023 at 08:59

A Comprehensive Guide for the FY 2023-24 with Auto Calculate Income Tax Preparation Software in Excel for the FY 2023-24

How to file 10E in the new income tax portal?

Pranab Banerjee 17 June 2023 at 08:05

Filing income tax returns is an important responsibility for every income earner in India. It is a legal requirement to ensure that the government accurately assesses the tax liability of individuals and to prevent tax evasion. We discuss how to file Form 10E on the new income tax portal.

Section 80DD: Claim tax deduction on medical expenses for disabled persons

Pranab Banerjee 01 June 2023 at 09:06

Individuals or HUFs can claim an exemption under Section 80DD of the Income Tax Act for a disabled person who is wholly dependent on the Individual/HUF for support and services.

Income Tax Return for AY 2023-24: Major Update for ITR Filters

Pranab Banerjee 22 May 2023 at 08:41

If you file your income tax return (ITR File) every year, you need to read this update. The ITR-2 offline form has been issued by the Inland Revenue Department for filing income tax returns for the tax year 2022-23 (A.Y 2023-24).

Challan 280: Auto Fill Income Tax Challan 280 in Excel for offline user

Pranab Banerjee 09 May 2023 at 08:58

Challan 280 is a form used to pay income tax; Payments can be made both online and offline. It is mainly used to pay advance tax, self-assessment tax, regular liquidation tax, surcharge, internal business distributed profit tax and participant distributed income tax.

Changes in the New Tax Regime: Everything you need to know

Pranab Banerjee 06 May 2023 at 08:50

A new tax regime has been introduced through the Union Budget 2020. In this tax regime, the income tax rates are lower and if a person opts for this regime, he will have to lose most of the benefits.