Individuals and HUFs can choose the Existing Tax Regime or the New Tax Regime with a lower rate under section 115 BAC of the IT Act, 1961. But, the taxpayer choosing the second option will not be allowed certain Exemptions and Deductions such as 80C, 80D, 80TTB, and HRA available in th...
A new tax regime has come to effect from the financial year 2021-22 for HUFs and individuals. Individuals are free to choose which tax regime they want to continue with. The individual is required to choose the income tax return filing. If the taxpayer wishes to continue with the old regim...
regime expected to be effective on 1 January 2023. The new mechanism serves as an interim measure to provide greater tax certainty to taxpayers during the period between the gazettal of the amendment bill on the refined FSIE regime and the coming into operation of the relevant amendment ...
Budget 2025 revised tax slab for new regime, while the old regime remains unchanged. Published on:07-Feb-2025 Budget 2025 MCA Imposes ₹4.53 Lakh Penalty on Private Company for Non-Filing of Annual Return! Published on:30-Jan-2025
i wish to get income tax return e-filing software. please contact me. Reply ALOK MESHRAM August 2, 2023 at 7:26 pm I Have started as new in Income tax consultancy . Kindly guide me how your software can help me and how . I have a client base of approx 250 ITR payees. Reply Hit...
The "base erosion and anti-abuse tax" (BEAT) targets US tax-base erosion by imposing an additional corporate tax liability on corporations (other than regulated investment companies or RICs, real estate investment trusts or REITs, or S corporations) that, together with their affiliates: ...
In the assessment year 2022-23, the Income tax rates applicable for salaried individuals categorized below the age of 60 years as per existing and new regime are: Existing Tax RegimeNew Tax Regime u/s 115BAC Income Tax SlabsTax RateIncome Tax SlabsTax Rate ...
Taxpayers in India will need to file income tax returns for Assessment Year 2023-24 by 31st July, 2023. Get the tips to meet the due date on time.
manner as the Board (in its absolute discretion) may determine. The Board will take into consideration the Company’s working capital requirements (including, but not limited to, debt servicing and repayments), the cost and tax efficiency of returns of capital and the requirements of applicable ...
Biglaiser, Glen, and Ronald McGauvran. 2021. The Effect of Debt restructurings on social spending, Tax Rates, and Income Inequality in the developing World.European Journal of International Relations27(3): 808–829. ArticleGoogle Scholar