Good news came for the central government today. In the current financial year 2024-25, till October 10, there has been a strong increase of 18.3 percent in net direct tax collection, after which it has reached Rs 11.25 lakh crore. According to the government data released on Friday, from April …
Read More »There is no mercy for the mastermind of fake input tax credit, know what the CBIC chairman said about tax evaders
Tax evasion not only has a bad effect on governments but also the common people. India is also not untouched in this matter. Tax evasion in the country remains a big headache for the government here. Revenue Secretary Sanjay Malhotra on Tuesday emphasized the need to maintain a better balance …
Read More »Budget 2024: Major Tax Relief for Citizens Announced by Finance Minister Nirmala Sitharaman
Income Tax: This time the government may give relief in income tax for some special categories. It is being claimed in the news that this time there may be a change in the income tax slab. Income Tax Exemption Limit: If you are also a tax payer or file ITR …
Read More »Form 16: Income tax return cannot be filed without this form, know what is Form 16?
Form 16: Form 16 is required to file income tax return. Without this, taxpayers, especially employed employees, cannot deposit their taxes. Do you know what Form 16 is? Where do you get this from? Why do you need it to file an income tax return? Here we are giving you …
Read More »HRA Tax Benefits Demystified: How to Maximize Savings on Multiple Homes
House Rent Allowance (HRA): Can You Claim HRA on Multiple Properties? Here’s What You Need to Know When it comes to taxation and claiming House Rent Allowance (HRA), there can be a lot of confusion, especially if you have multiple rental properties. In this article, we’ll discuss whether you can …
Read More »“Maximize Your Tax Benefits: ITR Login Simplified for Efficient Income Tax Filing!”
Simplifying Income Tax Return: Pay Later Option Explained When filing your Income Tax Return (ITR), the Income Tax Department now offers a new convenience on the e-filing website—an option to pay later. This means an individual can submit their ITR without immediately making the payment of pending taxes. After submitting …
Read More »ITR Filing Errors: Do not make these mistakes while filling ITR, you may get income tax notice
ITR Filing Errors: The season to file Income Tax Return has arrived! For the assessment year 2023-24 i.e. for the financial year 2022-23, it is mandatory for every salaried person coming in the income tax slab to file an income tax return! You should complete this work before 31 July …
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