Income Tax Articles
Change name in Aadhaar Card
In this article, we have given a complete step-wise tutorial on how one can correct their name in their Aadhaar Card, in person, via post or online.
Alert While Filling ITR For FY 23-24: Common Mistakes To Avoid
Let’s highlight some of common mistakes that one should avoid while Filling Income tax returns.
7 Tax Saving Options Other Than 80C - For FY 2023-24
A tax deduction lowers your taxable income and thus reduces your tax liability. You subtract the amount of the tax deduction from your income, making your taxable income lower. The lower your taxable income, the lower your tax bill.
All about Investment in National Savings Scheme with investment recommendations
The National Saving Scheme (NSS) in India is a scheme regulated by the Ministry of Finance and operated and managed by the Department of Post, India.
Prioritizing Appeals Disposal by CIT(A) Assessment Units and Additional Joint CIT(Appeals)
Priority/out of turn disposal of appeals by CIT(A) Assessment Units and Additional Joint CIT(Appeals)
TDS on Rent - Section 194I
Section 194I TDS on Rent of the Income Tax Act 1961 contains provisions with respect to TDS deduction on payment of rent.
All about Permanent Account Number (PAN)
A Permanent Account Number (PAN) is a unique 10-character alphanumeric code issued by the tax authorities. It's used to identify individuals and entities for taxation and financial transactions. PAN helps track financial activities like income, taxes, and investments.
Maximizing Tax Savings: Old Tax Regime Still a Viable Option for Many
28 March 2024
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In the realm of income tax, the choice between the old and new tax regimes holds significant weight, especially for those falling within certain income brackets. While the new tax regime boasts lower rates, the allure of the old tax regime persists for numerous taxpayers owing to its array of exemptions and deductions.
TDS Rate Chart for FY 2023-24
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.
TCS Rate: Responsibility to collect TCS as per Income Tax Act
The responsibility to collect Tax Collected at Source lies with certain specified persons or entities as mandated by the Income Tax Act. These entities collect tax from the payee at the time of sale or provision of certain goods or services.
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