Canons of Taxation: The Pillars of a Sound Tax System in India
Taxation plays a crucial role in any economy, serving as the primary source of revenue for governments to fund public expenditure and implem...Read More
Showing posts with label Income Tax. Show all posts
Showing posts with label Income Tax. Show all posts
The Revelation of Professional Taxation in India: An Exploration of Its Significance and Implications in the Indian Scenario
In the Indian taxation system, professional tax occupies an important place as a direct tax levied on individuals on the basis of their inc...Read More
The Consequences of Not Filing Income Tax Returns in India: Understanding the Risks
Filing income tax returns is a crucial responsibility for every taxpayer in India. Failure to file returns can result in a range of consequ...Read More
Why does an individual need to file "Income Tax Return" ??
In India, individuals are required to file an Income Tax Return (ITR) for several reasons. Here are the key reasons why individuals need to ...Read More
New vs. Old Tax Regime – Which one is better?
New vs. Old Tax Regime In India, for the assessment year (AY) 2023-24, individual taxpayers have the option to choose between two ta...Read More
Clarification from Employees by Employer on New Tax Regime
There will be 2 slab rates (with an option to adopt anyone of them) for filling the ITR for the FY 2020-21. On Monday, Department has issu...Read More
Coronavirus impact: I-T dept allows more time to individuals to file TDS exemption forms
The Income Tax Department has allowed individuals to submit Form 15G and 15H for the current fiscal after June 30 for claiming exemption fr...Read More
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