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Income Tax Saving Tips for Salaried Person

Tax Saving Tips for Government Employees’ Income (FY 2019-20)

Expenses are planned after ensuring the earnings. One must also know the amount which will be levied by the government in the name of tax. The write-up highlights some key pointers for salaried employees according to which they can ensure their exact tax outgo. With Gross Income of Less than Rs. 5 Lakhs As per […]

Income Tax Provisions Say for Property Sale by NRI

What Income Tax Provisions Say for Property Sale by NRI in India?

A giant structure of the do’s and don’ts is well build-up for a Non-Resident Indian (NRI) who wants to sell his property to a resident in India. In terms of selling, the deal between an NRI seller and a resident buyer goes through a lot of formalities. Both parties have to be extra vigilant while […]

Download Free Trial of Gen Balance Sheet Software

Free Download Gen Balance Sheet Software FY 2023-24

CA, CS and other tax professionals looking for accurate and reliable Balance Sheet preparation & valuation software don’t have to go anywhere. Gen Bal, the most popular Balance Sheet software for the preparation of cash flow statements in Excel format in FY 2023-24. Chartered accountants (CA) can easily download the free trial version of Gen […]

Risk-based Profiling to Pre-empt GST Dodging

Government Looking for Taxpayer’s Risk-based Profiling to Pre-empt GST Dodging

Recently, the central government has announced that it is looking for the options to pre-empt GST dodging by taxpayers based on their risk profile. The motive behind this initiative from the government is to prevent the tax evasion under Goods and Services Tax (GST). The assessee, whose profile would appear as “risky” under this scheme […]

Punjab CM GST Suggestions

101 GST Simplification Tips by Punjab CM to PM

In the congratulating letter to the P.M. on his big triumph in the last Lok Sabha Elections, Punjab Chief Minister Captain Amarinder Singh has presented 101 suggestions to Prime Minister Narendra Modi for simplifying the GST Tax mechanism and abbreviating the issues faced by businesses due to the implementation of GST 1.0. He also suggested […]

Common Mistakes Doing in Tax Saving Investment

Watch Out Most-Important Mistakes in Tax Saving Investment

Making investments to save the tax has been an all-time practice by the people. But are these investors really aware of the repercussions which they could face if done without caution? Here, we endeavour to protect the investors by making the basic five mistakes and making their investment painful instead of profiting them. Investors should […]

Income Tax Slabs

Revisit the History of I-T Slab Rates (1944-45 to 2023-24)

The First income tax rate in nascent India after Independence was fixed as high as 97.75 per cent with 11 tax slabs. There was a huge challenge in front of the Country to lower the pace of this sky-high tax rate. The Country had witnessed the tax rates from a high of 97.75 per cent […]

Summary of Changes in Income Tax Rules for FY 2023-24

Major Changes in Income Tax Rules FY 2023-24, 21-22 & 20-21

All eligible individuals are required to file their income tax returns in compliance with the regulations. The 2023-24 financial year has brought new modifications to the Income Tax Rules, which will be implemented from April 1, 2023. The new fiscal year (FY) 2023-24 begins on April 1, and the pronouncements made by Union Finance Minister […]

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