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Income tax concessions for Senior and Super senior citizens.
In our Indian Culture, we always respect the one bigger than us i.e. our Elders. […]
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Why file an Income Tax Return?
Ajay’s total salary was not subject to income tax, so he was comfortable with the […]
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Are you fully deductible from your investment income under Section 80C of the Income Tax Act for tax deduction?
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Income Sources for Taxpayers in India: A Comprehensive Checklist
Income Sources for Taxpayers in India. Know Your Income Sources: A Comprehensive Guide for Indian Taxpayers.
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No need to do Tax saving Investment under section 80 C when your income is above 15 Lakh.
It is very clear above that when you calculate your tax under New tax regime, even if the investment under section 80C is Zero, one ends up paying less tax as compared to the same income and tax calculation under old tax regime with an investment under the section 80C.
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Important Tax Updates for NRIs and OCI Card Holders Buying and Selling Property in Goa
This blog post focuses on recent amendments affecting Non-Resident Indians (NRIs) and Overseas Citizenship of India (OCI) card holders buying and selling property in the state. We’ll delve into tax implications, income tax return filing processes, and the importance of voluntary compliance.
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Who should choose new tax regime and who should choose old tax regime in 2024. Explain with simple illustations.
Choose the Old Tax Regime if you can fully utilize deductions under Section 80C, 80D, home loan interest, and other exemptions. This regime is beneficial for individuals with high deductions and those who are comfortable with detailed tax planning. Choose the New Tax Regime if you prefer simplicity, cannot maximize deductions, or if the lower…
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Save your thousands of Rupees using marginal tax relief.
Marginal tax relief is a provision that ensures individuals crossing into a higher tax bracket by a small margin don’t end up paying a disproportionate amount of tax on that excess income
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How to Save Money on Your Taxes as a Start-up Business Owner
Start-up business owners, learn how to save money on your taxes! This article covers all the deductions you’re eligible for, plus tips on how to keep accurate records.
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Old vs. New Tax Regimes in India
Which regime is right for you? The best tax regime for a particular taxpayer will depend on their individual circumstances. However, the new tax regime is generally more beneficial for taxpayers with lower incomes and fewer deductions.