As per the new income tax regime for FY 2023-24 (AY 2024-25), the rebate under Section 87A has been increased from Rs. 5 lakhs to Rs. 7 lakhs. Thus, individuals with a net taxable income of up to Rs. 7 lakh can avail tax rebate u/s 87A under the new tax regime. Those who...
Feb 12, 2023 | 2 commentsFrom FY 2023-24, tax rates for the new tax regime are revised. The new Tax Regime was introduced in Union Budget 2020-21. So now there is old tax regime, new tax regime applicable till AY 2023-24 and Revised new Tax Regime applicable from AY 2024-25. Now...
A new electronic filing facility is available for new ITR-1 and ITR-4 forms for the FY 2023-24 Calculation of Advance Tax for A.Y. 2024-25 Now you can send any document or PDF file via Whatsapp or e-mail from the Print Preview of Reporter Return Forms, 26AS, Acknowledgment, Computat...
…The new proposal would build upon a series of tax cuts that were previously set to start for Iowans in 2023, meaning multiple new tax laws would take effect during the same year. Iowa is already set to reduce the number of tax brackets from nine to four starting in 2023. …It will ...
Learn how to file Income Tax Returns ( ITR ) for FY 2022-23 (AY 2023-24) and FY 2023-24 (AY 2024-25). We covers tax concepts on Salary, interest, Capital Gains, House Property, Business and Profession and GST.
Tax & Legal Weekly Alert | 9 August 2023 Amendment for the calculation of clawback tax Starting with third quarter of 2023, the quarterly contribution regulated by the Emergency Ordinance 77/2011 regarding the contributions for the financing of some expenses in the health field (clawback tax),...
TAX CALCULATOR F.Y.: 2020-2021 AND DIFFERENCE IN TAX BETWEEN NEW SYSTEM & OLD SYSTEM Call: +91 9126457938 | +91 9046367560 (We are available from 11 am to 7 pm) User Login Login Forgot your password?Click here to Reset We, on behalf of Swarup Dutta & Associates convey a very very ...
How to save Tax on Rental Income in India FY 2023-24? Let’s now first understand how ‘income from house property’ gets calculated; Calculation of Income from House Property : Calculation of Income from House Property in India Kindly note that the gross annual value of aself-occupied house...
Additional adjustments under the VAT regime PMK-172 restates that the adjustments would also be subject to VAT. In fact, when taxable goods or services are transferred domestically to a related party or third party, the VAT Law requires that market prices be used...
“Tonight, I say to the Russian oligarchs and the corrupt leaders who’ve bilked billions of dollars off this violent regime: No more. The United States — I mean it. The United States Department of Justice is assembling a dedicated task force to go after the crimes of the Russian oligarch...