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Filing a income tax return? Don’t forget to mentions this to your CA.
To maximize tax savings and minimize scrutiny from the income tax department, do disclose these things to your Chartered Accountant for that, while filing your income tax return he or she can help you in the best possible way.
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Deductions you can claim for costs incurred when calculating capital gains
You didn’t know this, did you? Here are the deductions you can claim for costs incurred when calculating capital gains for tax purposes, explained in simple language with real-life examples:
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Things that can reduce your capital gains.
When calculating income tax on capital gains in India, there are several avenues available to reduce the taxable income. Here are the points that denote these avenues:
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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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Make Informed Decisions: Key Factors for Salaried Employees in Goa and Pune to Consider When Choosing the Income Tax Regime
As the financial year comes to a close, salaried employees in Goa and Pune must make a well-informed decision regarding the selection of their tax regime.
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In 2023, tax payers need to be aware of this
In 2023, tax payers need to be aware of certain changes and updates when filing their Income Tax Return (ITR). Staying informed about these changes is crucial to ensure accurate filing and maximize available benefits and deductions.
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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.