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Engineering Export Promotion Council (EEPC) of India ask the union government to extend lower corporate tax advantage to the limited Liability Partnerships (LLPs) and proprietary firms, from executing the action this makes the funds available with MSMEs and enhance the private investment cycle. Direct tax professional council seeks towards the diminishing of the tax upon […]
The assessee is provided with the lower tax refunds with respect to their claimed figures towards furnishing the ITR of FY 2020-21. The reason behind that is the latest income tax portal does not acknowledge the full tax credit available in Form 26AS towards these tax return filers. In this situation, the assessee would furnish […]
Best Tips to Save Tax Without Investment? The income tax department furnished distinct deductions and privileges to the assessee that would get excluded from the taxable income beneath chapter VI A beneath Section 80 to diminish the tax load. Through the help of investment, you would get the deductions, however, there are indeed some deductions […]
Policyholders do not have the major intention about the personal accident insurance covers. However, it is an essential cover for the majority of the people it is not being purchased normally. If in the union budget 2022 they mentioned that provide the tax deduction towards the premium furnished to buy the Personal accident insurance then […]
International Day of Persons with Disabilities appears on Dec 3 which seems to assist the right the well-being of people who are held with some sort of disabilities. The person who lives with the kind of disability or furnishing towards the maintenance or any medical treatment of the disabled family member can avail of both […]
Did you furnish a less amount of tax refund with respect to your claim during filing of the ITR for FY 2020-21? If yes then there are similar people who pose the same issues there are various tax returns filers this year who received lower tax refunds this year. The reason behind this was that […]
The investigation of the books of accounts of the assessee is called a tax audit which is done by the Chartered Accountant under the Income Tax Act 1961. Section 44AB functions through the situation beneath which the tax audit gets essential for specific assessments. The thought of the tax audit is to validate the preciseness […]
When you furnish the ITR in the current year through pre-filled forms then you can not claim the specific tax deductions which do not show on your Form 26AS or new I-T Annual information statement and thus do not get auto-populated in the income tax return forms. You do not need to think about furnishing […]
The thought of the small company was started in the Companies Act 2013 to furnish specific benefits for small businesses that are functioning as private limited companies. Small companies are the supporters of the country’s economy. What is a Small Company? Small companies are said to be private limited companies, partnerships, or sole proprietorships that […]
