Income tax
Understanding income tax is crucial for managing your finances. Discover how income tax works, learn about tax brackets, deductions, and credits. Stay informed about changes in tax laws and filing requirements. Navigate the world of taxation with confidence and ensure you make the most of your financial opportunities.
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Created on: 03/24/2025
Last Notice! Alert from the Income Tax Department: Submit your ITR for AY 2023-24 by March 31, 2025 - Avoid Higher Taxes and Interest!
This important reminder highlights the crucial deadline of March 31, 2025, for submitting your ITR for AY 2023-24. Discover the penalties associated with late submissions, typical errors to steer clear of, and a detailed guide to help you file your tax return promptly.
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Created on: 03/24/2025
New TDS Rules 2025: Changes in Tax Deduction Limits for FD Interest, Dividends & Rental
This article discusses the impending modifications to TDS regulations that will take effect in April 2025, particularly highlighting the raised thresholds for FD interest, dividends, and rental income. Discover how these changes can advantage taxpayers and what steps to take in anticipation of the new rule.
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Created on: 03/24/2025
Section 142(1) Income Tax Notice: Why You Received It & How to Respond
This blog offers a comprehensive explanation of Section 142(1) of the Income Tax Act, 1961, detailing the reasons for the issuance of notices, the appropriate ways to respond, and the repercussions of failing to comply. Discover how to effectively handle tax notices and maintain adherence to tax regulations.
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Created on: 03/22/2025
Intimation Notice Under Section 143(1): What It Means and How to Respond
This blog offers a detailed overview of the Intimation Notice as per Section 143(1) of the Income Tax Act. It outlines the various types of notices, what they include, their significance, and the actions to take when you receive one. Follow this thorough guide to ensure compliance and address any discrepancies.
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Created on: 03/21/2025
Act Now! March 31, 2025, is the Last Date for Section 43B(h) Compliance
Section 43B(h) requires MSMEs to make timely payments for tax deductions. Businesses must comply by March 31, 2025, or face financial consequences. Learn about the consequences and procedures for compliance.
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Created on: 03/21/2025
Pvt Ltd vs LLP vs OPC: The Best Company Registration for Your Startup
Choosing the right company registration is crucial for startups. This blog explores the features, pros, and cons of Pvt Ltd, LLP, and OPC structures, helping entrepreneurs make an informed decision for their business.
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Created on: 03/20/2025
How to Avoid Paying Capital Gains Tax on Stock Market Profits | An explanation of LTCG and STCG
Investors in the stock market must comprehend capital gains tax. This blog offers practical tips to reduce or prevent taxes on your stock market profits in addition to explaining Long-Term Capital Gains (LTCG) and Short-Term Capital Gains (STCG). Find out how to be tax-efficient while increasing your profits.
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Created on: 03/20/2025
Act Now! 5 Tax-Saving Strategies to Beat the March 31 Deadline
The tax-saving investment deadline of March 31 draws near. To maximize your savings and lower your tax burden for FY 2023–2024, you should put these five tax-saving methods into practice before the deadline. Discover how to maximize your tax-saving options, from collecting health insurance and home loan advantages to optimizing Section 80C investments.
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Created on: 03/19/2025
In order to draft new rules and forms for the 2025 income tax bill, CBDT is seeking input from stakeholders.
The CBDT is seeking stakeholder input as it drafts new Income Tax Rules and Forms for the Income Tax Bill, 2025. This blog discusses the relevance of the consultation, main emphasis areas, and how stakeholders may help build a more efficient tax system.
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Created on: 03/19/2025
Optimize Your Tax Returns: Updated ITR-3 Excel Utility for FY 2024–2025
The Income Tax Department has released an updated Excel utility for ITR-3 for Fiscal Year 2024-25. This blog describes how to download, utilize, and file your income tax return with the utility, assuring correct and timely compliance for companies and professionals.
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Created on: 03/19/2025
New Section 194T TDS Rules: Impact on Taxpayers Beginning April 2025
The new Section 194T TDS rules, which take effect on April 1, 2025, will have an impact on both taxpayers and companies. This blog discusses the applicability, compliance requirements, and measures to guarantee compliance with the new TDS laws.
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Created on: 03/18/2025
The deadline for filing ITR-U for FY 2022–2023 is March 31, 2025
The ITR-U filing date for FY 2022–2023 is March 31, 2025. The definition of ITR-U, who is eligible to file it, late filing penalties, and a detailed tutorial on how to submit it online are all covered in this blog. Don't let the deadline pass!