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Recently, there was news about a survey conducted by the Income Tax Department on an international media group related to Transfer Pricing. Let me explain the concept of Transfer Pricing in simple, Read more […]
Budget 2023 has further reduced Income tax liability in the new income tax regime in India . There is no tax liability upto Rs.7 Lakhs income . You will find lots of number crunching exercises on LinkedIn Read more […]
Yes, you have to pay Interest to the Government in case you don’t pay taxes on time and don’t file a return on time. If you are filing Income Tax Return (ITR) without professional help or using any software Read more […]
Presumptive Income means income defined as per presumptive rates under Indian Income Tax Act, 1961 . It means You don’t have to calculate business income under normal provision. Under normal provision, Read more […]
Income tax is one of important aspects in dealing with mutual fund. Investor should aware regarding applicable income tax rates . Post tax return will be impacted by Income tax rate . For example long Read more […]
Have you heard that only ~ 2 crore Indians are paying Income Tax in India ? As on date, 6.16 crores Tax payers have filed their returns for AY 2022-23 in Income portal out of population of 138 crore .Finance Read more […]