Income Tax Articles

Auto Income Tax Calculator for FY 2023-24 and AY 2024-25

Pranab Banerjee 28 March 2023 at 09:02

How to save your income tax for AY 2023-24 with Auto calculate Income Tax Calculator All in One for the FY 2023-24 and AY 2024-25

Key Amendments in India's Finance Bill 2023: A Focus on Taxation and Litigation

Rashmi 27 March 2023 at 15:18

The Finance Bill 2023 is a bill that includes tax proposals for the fiscal year beginning on April 1, 2023. It was passed by the Lok Sabha, the lower house of the Indian Parliament, on March 24, 2023. The Lok Sabha has passed the Finance Bill 2023 with 64 official amendments.

Tax Planning while setting up of a business with reference to nature of business

CMA SIVAKUMAR A,ACMA. 25 March 2023 at 15:32

Tax Planning while setting up of a business with reference to the Nature of business related with AY 2021-2022, AY 2022-2023 and AY 2023-2024. An analysis of Eight important Deductions as per the Income Tax Act.

Taxability of life insurance policies not eligible for exemption u/s 10(10D)

Geetanjali Pandey 25 March 2023 at 10:42

Sec 10(10D) provide exemption with respect to any sum received under a life insurance policy, including the sum allocated by way of bonus on such policy, where premium payable for any of the year during the tenure of the policy

TDS Rate Chart for FY 2023-24

Mitali 24 March 2023 at 14:03

TDS is applicable to various types of payments such as salaries, interest, rent, commission, professional fees, etc. The rate of TDS varies depending on the type of payment and the status of the recipient.

Maximize Your Retirement Benefits

Rashmi 24 March 2023 at 08:52

Invest Up to Rs 30 Lakh in Senior Citizen Savings Scheme Starting April 1, 2023 - Learn About SCSS, Tax Benefits, Withdrawals, and Interest Rates

Relief to Small and Medium Taxpayers in State Budget

CA Umesh Sharma 23 March 2023 at 08:50

Maharashtra State Budget was presented by Deputy Chief Minister (Finance)Shri Devendra Fadnavis on 9th March 2023. It was based on 'panchamrit' (five) principles with a focus on Farmers, Women, Youth, Employment, and Environment.

High-value transactions in India: Tips for compliant tax filing

Rashmi 22 March 2023 at 06:49

The Income Tax Department in India monitors high-value cash transactions above a specific limit, and failing to disclose such transactions while filing Income Tax Returns (ITR) can lead to notices from the authorities.

Important things from Income Tax aspect to consider this March ending!

CA Umesh Sharma 22 March 2023 at 06:49

Important tasks of income tax that should be undertaken before this March end has been listed in this article.

Tally ERP Accounting Software or QuickBooks: What to Choose?

vishal dharmadhikari 20 March 2023 at 14:02

Tally ERP is a well-known accounting application that is used all over the world and is ultimately used as enterprise software by firms of all sizes. However, it is utilized as a perfect business management solution. QuickBooks will continue to operate in India till 30th April 2023.