Articles by Rashmi
View Full Profile
Tax Rebate under Section 87A
Rashmi 26 July 2023 at 15:26If your taxable income is below Rs 5 lakh in the financial year 2022-23 (assessment year 2023-24), you may be eligible for a tax rebate under Section 87A of the Income Tax Act, 1961.
Surge in Zero-Tax Income Tax Returns: A Closer Look at India's Tax Landscape
Rashmi 25 July 2023 at 14:29India witnessed a record number of Income Tax Return (ITR) filings in FY23, reaching an impressive 74 million. Surprisingly, a significant portion of these filings, 70% to be precise, were zero-tax ITRs, indicating that taxpayers claimed nil tax liability
Income Tax Department Tightens Scrutiny Against False Deductions and Exemptions for Salaried Individuals
Rashmi 24 July 2023 at 08:52Salaried individuals are being warned to be cautious while filing their Income Tax Returns (ITRs) this year. The Income Tax Department has increased its scrutiny and is seeking documentary evidence against bogus deductions and exemptions claimed by some taxpayers.
How to Ensure Correct Information for Filing ITR
Rashmi 22 July 2023 at 09:06Filing your Income Tax Return (ITR) accurately is crucial, and it involves incorporating vital information from your Annual Information Statement (AIS). However, discrepancies or missing data in the AIS can occur, leading to confusion during the filing process.
Avoiding ITR Filing Errors for AY 2023-24: Tips for a Smooth Process
Rashmi 20 July 2023 at 09:04To ensure a hassle-free income tax return (ITR) filing experience, taxpayers should be mindful of certain crucial aspects. Here are some key tips to avoid common errors
AIS Dilemma: Exempt Incomes and Unreported Transactions in Income Tax Filing
Rashmi 19 July 2023 at 14:20Relying solely on your Annual Information Statement (AIS) to file your income tax return (ITR) without verifying other sources of income can lead to trouble with tax authorities
Unlocking the Power of e-Rupee: A Comprehensive Guide for First-Time Users
Rashmi 18 July 2023 at 09:05e-Rupee is a digital form of the Indian rupee, issued by the Reserve Bank of India. It is a legal tender, just like cash, and can be used to make payments and hold value.
Key Highlights of 50th GST Council Meeting
Rashmi 13 July 2023 at 14:57The 50th GST Council meeting, held on 11th July 2023, marked an important milestone in the implementation of Goods and Services Tax (GST) in India. Let's delve into the significant highlights of this important gathering.
Understanding the Implications of Booking an FD Without PAN and the Consequences of Non-Linkage with Aadhaar
Rashmi 12 July 2023 at 09:10If you have invested in a fixed deposit (FD) and have not linked your PAN (Permanent Account Number) with your Aadhaar, there are several implications for you. ..
PMLA Expansion: GSTN to Facilitate Information Sharing with ED and FIU
Rashmi 10 July 2023 at 09:07The government has issued a notification stating that the Goods and Services Tax Network (GSTN) will now come under the Prevention of Money Laundering Act (PMLA)
Popular Articles
- Pension + FD = Rs 20 Lakh: Will a Senior Citizen Pay Tax in FY 2025-26?
- Latest Changes in ITR Forms for AY 2025-26
- How Unnecessary UPI Transactions Can Trigger Tax Notices?
- Are Co-operative Societies Liable Under GST?
- How AI is Reshaping the Accounting World
- Beyond Numbers: How to Be a Chartered Accountant Clients Never Forget
- Tax Rules for Freelancers in FY 2025-26: ITR Filing, TDS and GST Compliance
- Key important changes in GST Return one should know
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
