Remember those with an income from business or professioncannot opt in and opt out of the new tax regime every year.Once a non-salaried opts out of the new tax regime, they cannot opt in again for the new tax regime in the future. Form 10IE is a declaration made by the return filers...
₹3 lakhs in case of a new tax regime ₹2.5 lakhs in case of new tax regime Moreover, when it comes to recent tax updates in income tax regulation, you need not worry about how to file an ITR correctly. There have been no major changes to tax rates for NRIs in the 2024...
Taxcloud provides easy data population by uploading Form-16 and Form 26AS. Hence you need not manually enter these details of your clients. Taxcloud offers upload of capital gain reports from CAMS, Karvy, Zerodha, including 20+ brokers. This feature enables you to directly upload the Excel repo...
in the form of interest from deposits, property rent, etc then it is taxable. This income, earned in India, has a basic limit of exemption. This article explains abut NRI and ITR,who
Salaried individuals living in a rented house can claim HRA, if not included in salary, uponfiling form 10B. National Pension Scheme (NPS) NPS offers a plethora of investment options. Employees between the age group 18-65 can invest part of their pension fund into NPS options. A maximum ded...
In case of damage, there is a 50 per cent chance that you pay the other half of the premium and the insurance company covers all the losses; and there is a 50 per cent chance that you get back your insurance payment and suffer all the losses. For example, if an accident occurs on ...
Also, even after filing the declaration, if the bank deducts tax at a higher rate by mistake or by whatsoever reasons, in that case too the senior citizen will have to file a return of income to claim a refund. In this way, it has very limited benefits....
The treatment of ED in the form of Eroxon®is a new OTC category in most countries where current first line treatment options are predominantly PDE5i's which require a prescription. As expected and as with any major new OTC category, whilst this represents a major business opportunity there...
In the case of agreements with agents, the revenue is recognized upon notification by the agent that goods have been shipped to the customer. For provision of research and development services to customers, revenue is recognized at the end of each phase within a contract. This is upon ...
(b) Other post-retirement benefits: At Intracom Telecom, employees are entitled to an indemnity in the event of termination of employment, including in the case of retirement, with the amount of payment varying in relation to the employees' compensation and length of service. In addition, ...