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GSTR-1 and GSTR-3B are two types of GST returns that businesses registered under the Goods and Services Tax (GST) regime in India need to file to comply with tax regulations.
The introduction of Form 15CA and Form 15CB in the Income Tax Act of India was primarily aimed at strengthening tax compliance and enhancing transparency in foreign remittances.
"New Tax Regime" or "Optional Tax Regime," was introduced as part of the Union Budget 2020-21. This regime aims to simplify the income tax structure and provide taxpayers with an alternative tax computation method.
Professional Tax is a state-level tax imposed by various state governments in India. It is levied on income earned by individuals from professions, trades, callings, or employment.
Investing in unlisted shares in India can have various tax implications, both at the time of acquisition and when selling or transferring these shares. U
LTC (Leave Travel Concession) is a tax benefit provided by the Indian government to salaried individuals for expenses incurred on travel. The LTC is primarily applicable to government employees, employees of public sector companies, and some private sector employees, depending on their employer's policies and the prevailing tax regulations.
This article provides a detailed analysis of the DPT-3 form, its purpose, applicability, requirements, and a practical example to illustrate its implementation...
When three individuals take a joint home loan and want to claim the tax benefits for the interest paid on the loan, they can do so by following these steps
When the Nifty (or any stock market index) reaches an all-time high, it can be an exciting time for investors, but it also calls for cautious decision-making. Here are some key points that an investor should keep in mind during such times
If you have already filed your Income Tax Return (ITR) but made a payment after filing, there are steps you can take to rectify the situation
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