In a bid to make the National Pension System (NPS) more appealing for potential investors, the government has decided to make NPS withdrawals 100% tax-
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In a bid to make the National Pension System (NPS) more appealing for potential investors, the government has decided to make NPS withdrawals 100% tax-
ITR Filings are prime indicators of both the moral and the economic compass of a Nation. India, as a nation, has long been suffering from a below-par tax base. This shows up subsequently in government budgetary allocation to various public welfare schemes. A strong tax base is the lifeline of a strong economy and a […]
All eligible individuals are required to file their income tax returns in compliance with the regulations. The 2024-25 financial year has brought new modifications to the Income Tax Rules, which will be implemented from April 1, 2024. The new fiscal year (FY) 2024-25 begins on April 1, and the pronouncements made by Union Finance Minister […]
According to the strict compliance set by the goods and services tax, not only taxpayers but also the GST officers will be in trouble in case if there are some discrepancies found in the cases related to the GST.
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There are so many confusing terms in the tax world such as financial year and assessment year, gross total income and total income which we have heard so many times while filing income tax return (ITR).
Income tax return filing is easy and beneficial for an overall financial and records maintenance for future loan perspective and investment purposes.
The GST collection for the FY 2017-18 stood at Rs 7.41 lakh. India’s new indirect tax law that subsumed 17 indirect taxes (central and state included) was launched on the midnight of July 1st, 2017 from the ramparts of the Red Fort in Delhi.
Paying income tax is the responsibility of salaried taxpayers in order to avoid the IT-Department follow. But, many taxpayers find some ways through which they can hide their original taxable income and pay fewer taxes.