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In this portal, the articles and trending news for taxpayer about the income tax are being written and all these articles and news covered the information about the income tax updates, registration, filing process, form details, along with other financial coverings.
The news and articles on income tax are the centers of reading where people seek their interest. So we had collected all these in one portal where readers can read it easily.
The taxpayers and CAs will get aids from this portal of SAG Infotech in filing their returns or managing their businesses. Also, we have other interesting categories related to the latest news under GST and TDS updates.
The trending income tax news and informative tax articles are thoroughly written by the professional CA who seeks the information and writes it accordingly. Hence updated articles with no error will be catered before you.
For all those who haven’t paid their previous year returns and remain unclear with the old dues, they are to be informed that only a single day is left for them to avoid the penalty of Rs. 5000. The IT department has given notices to the tax non-filers who are unaware of filing their previous […]
To understand the key tax benefits on a home loan, we are bifurcating the repayment techniques into four major elements- tax benefits on principal repaid, tax benefits on interest paid, deduction on pre-construction interest, and section 80EE income tax benefits. The next section will let you know the concept in detail. Tax Benefits on Principal […]
The Finance Minister Arun Jaitley unveiled three new measures to provide Income tax relief for the small taxpayers. Mr Jaitley proposed, Under Section 87A of Income Tax Act, The deduction limit of Income tax increased from Rs. 2000 to Rs. 5000 per annum. Prior, It reduces only Rs. 2000 of the total tax payable. This […]
Finally, the highly awaited third union budget 2016-17 is here. Finance Minister Arun Jaitley has announced the same in New Delhi today. According to the budget, the individuals who are having income less than or equal to Rs. 5 lakh under section 87A will get an increased tax rebate of Rs. 5000. A resident individual […]
These types of taxes paid on Consumption by the consumer but they do not pay directly to the government (unlike income tax). For example, We pay VAT and other taxes on purchasing a product.
What is Direct Tax? These types of taxes are directly paid to the government of India. Government levies a direct charge on the entity or an individual which has to be borne directly by the individual/entity. Direct taxes include several taxes such as income tax, TDS etc. Types of Direct Taxes in India There are […]
When the last date of IT filing arrives close, every taxpayer worries about how to calculate the taxable income and online e-filing of the income tax return. The income tax return has to be mandatorily e filed in case your income is above the basic slab rate. However, paper returns can be filed by those […]
Income tax is a kind of direct tax among the two types of taxes – direct tax and Indirect Tax. Income Tax is charged by the government on the income earned by the taxpayer or any profit or revenue generated by him in a specific Fiscal Year i.e. the year in which income is generated. […]
Tax payment to the government by any single person or any corporation is known as direct taxes, and tax paid for the use of goods and services is known as indirect taxes. The main aim of collecting taxes is to make out the expenditure of the government for the betterment of a nation. Submit Query […]