Form 10-IEA has been notified through Notification No. 43/2023 dated 21st June 2023 which enables taxpayers to make choice between the old and new tax regimes.
Any businessman or entrepreneur, visualises the business based on certain future projection and undertakes all kind of risks. It is the risk factor alone which gives a higher return to a businessman and the income tax department or revenue official cannot guide a businessman in which manner risk has to be undertaken.
Today, we're delving into the world of taxation for OCI (Overseas Citizen of India) card holders - individuals who have relinquished their Indian passports to become foreign citizens while still retaining financial interests in India. By the end of this article, we'll explore when and why OCI card holders should file income tax returns in India.
We all know due date has arrived for deposition of Tax deducted at source for the month of March i.e. 30th April 2024. It is important to understand the consequences for deduction of TDS of deductee whose Pan Aadhaar is not linked.
It is said that Middle Overs are the most crucial overs in any game. How do you think the individuals shall steady their innings in the Middle Overs(30-60 years)?
ere, we highlight key precautions to ensure a thorough review of such intimations, safeguarding taxpayers from potential errors or discrepancies.
Intimation under Section 143(1) is a notification which is sent from the IT Department after processing a taxpayer's income tax return. Usually, it informs the taxpayer about any discrepancies between their filed return and the department's computation.
The tax audit season is about to begin. This article aims to refresh the existing limits of cash transactions. The Income Tax Act in India discourages cash transactions to promote transparency and curb tax evasion.
Income Tax Department Facilitates Early Filing of Returns for FY 2023-24 with Automatic Income Tax Form 16 Part B in Excel for FY 2023-24 as per New and Old Tax Regime
In this comprehensive guide, we'll walk you through the step-by-step process for a hassle-free property sale experience. By following these steps, you'll have a clear plan and approach to make your property sale a smooth and successful one.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
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