Income Tax Slabs & Rates for FY 23-24 and FY 24-25
Resident & Non-Resident Individuals (all age group) for FY 2023-24 & FY 2024-25 under the New Tax Regime under section 115BAC Net Income Range FY
Rohit Pithisaria 25/06/2024
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Resident & Non-Resident Individuals (all age group) for FY 2023-24 & FY 2024-25 under the New Tax Regime under section 115BAC Net Income Range FY
Cost Inflation Index (CII) Applicable from Financial Year 2017-18 Financial Year (01 Apr to 31 Mar) Cost Inflation Index (CII) 2024-25 363 2023-24 348 2022-23
Managing finances, taxes, and cash flow has become significantly easier due to the rise of online accounting software. Here, we’ll delve into the top ten
Each year, individuals earning income higher than the basic exemption limit are required to file their income tax returns (ITRs) online. If you belong to
Anyone whose total taxable income exceeds the basic exemption limit is required to file an Income Tax Return (ITR) during the relevant assessment year. If
Will India Impose the New 28% Tax on the Online Casino Market The Indian online gambling sector has soared over the past years, and the
Agent is defined in CGST act as “agent” means a person, including a factor, broker, commission agent, arhatia, del credere agent, an auctioneer or any
GSTR-2B is introduced on GST portal only some days back. At first, GSTR-2A and GSTR-2B seems to be same. But they are different in some
What is a dropshipping business? Dropshipping is a business in which the seller sells the goods which he does not own at time of selling
Introduction Government is considered as a “person” under the GST act. Therefore, any supply of goods or services by or to government is subject to
In case of death of sole proprietor and business is continued by any person being transferee or successor, the input tax credit which remains un-utilized
A registered taxpayer may change its constitution vide sale/ amalgamation/merger/demerger/transfer of business. In such condition registered taxpayer has available matched Input Tax Credit (ITC) in
Long term capital gain means capital gain arising from transfer of long term capital asset. Indexation benefit is available for long term capital gains. Long
The following conditions should be satisfied for claiming deduction under section 80D. Assessee should be individual or HUF (whether resident or non-resident) Payment is made
TDS Payment Due Date Month Due Date April 7th May May 7th June June 7th July July 7th August August 7th September September 7th October
If you are making payment to Google Ads or Facebook for advertisement then you are required to deduct TDS under section 194C of income tax
Sometimes we are required to make the changes in the TDS challan paid. Department has provided various ways in which you can make the changes
Applicability Section 194IA is inserted by Finance act 2013 and is applicable from 01st of June , 2013. A person who is purchasing any immovable