Income Tax: Old Regime vs. New Regime
Navigating income tax options can be a bit overwhelming, especially with the choice between the old and new regimes. Here’s a breakdown to help you decide which might be better for you.
- 27th Jul 2024
- Category: Taxation
- views: 142
ITR-4 for AY 2023-24
Income Tax Return (ITR)
filing is an essential process for taxpayers in India. For individuals and
businesses opting for the presumptive taxation scheme, ITR-4 (Sugam) is the
relevant form. In this blog, we’ll explore everything about ITR-4 for the
Assessment Year (AY) 2023-24, covering eligibility, structure, filing process,
and recent updates.
- 20th Jul 2024
- Category: Taxation
- views: 136
Key Decisions from the 53rd GST Council Meeting
The 53rd GST Council meeting brought forward several significant updates aimed at simplifying compliance, providing relief to taxpayers, and refining the overall GST framework. Here's a detailed overview of the major decisions and their anticipated impacts.
- 16th Jul 2024
- Category: Taxation
- views: 129
Tax Deductions under Sections 80C, 80CCC, 80CCD(1), 80CCE, 80CCD(2) and 80CCD(1B)
Tax planning is a crucial aspect of personal finance, and the Indian Income Tax Act provides several avenues to reduce taxable income. Among these, Sections 80C, 80CCC, 80CCD(1), 80CCE,80CCD(2) and 80CCD(1B) offer significant deductions for investments and expenses. Here’s a detailed analysis of these sections to help you maximize your tax benefits.
- 17th Jun 2024
- Category: Taxation
- views: 172
