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The government, in the Finance Act, of 2022, made a new section 194R to the Income Tax Act, of 1961. It makes it compulsory for resident Indians to furnish a 10% tax on the advantages obtained through them. A resident Indian who received any advantage needs to pay the 10% tax at source on the […]
The union budget 2022 has been overall covered by SAG Infotech and our complete team of chartered accountants had come with the basic budget as well as tax-related details from the minute details. The SAG Infotech is dedicated to providing the complete budget news to the assessee and the taxpayers who are concerned with the […]
Aadhar authentication of the enrolled shall be important to get entitled for filing the refund claim and application of revocation of cancellation of the GST registration through taxpayers. The finance ministry has mentioned the date. The GST official in its 17th Sept has decided to make the Aadhar authentication important. The guidelines have been mentioned […]
This is the time of year when employees of many firms start receiving requests to share details of their tax-saving investments with their employers. However, before that, you have to choose whether you want to opt for the new tax regime or the old tax regime. Budget 2020 has come up with a new tax […]
ITR can be furnished in two ways: online and offline. In the traditional method, you can enter all the important information on an online form and submit it. Through the earlier means, one needs to download the subject income tax utility either in excel or JSON format, fill the form, save the changes, generate an […]
The Finance Act, 2000 has incorporated numerous amendments along with introductions. One such example is the introduction of the new tax regime. Though it seems chaotic, in essence, it is one of the revolutions in the area of tax. The Finance Minister has announced the new tax slab rates for the: Latest Update 23rd June […]
The house rent allowance comes under the salary income of the majority of employees. But some small and medium-sized firms might provide the “lump sum amount to the employees” excluding any stoppage. For an employee who lives on rent to avail of the claim deduction, HRA must be part of his or her monthly income. […]
Any individual or a Hindu divided family other than the person referred to the second provision to section 194-I, who is responsible for furnishing to the resident any income through the rent of more than Rs 50000 for a month or a section of the month in the preceding year, then the amount cut is […]
The amount furnished in the deposit account or some specified account to utilize the amount for the particular period is permitted as a deduction under section 33AB. Beneath section 33AB of the income tax act, the deduction is open to the taxpayers who are engaged in businesses in India like cultivating and manufacturing tea, coffee, […]
