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.
Created on: 01/30/2024
The Significance of Investment Proof for Income Tax Consequences and Solutions APNOKACA
If you fail to submit your investment proof on time, your employer might deduct TDS (Tax Deducted at Source) from your salary at a higher rate.
Created on: 01/24/2024
Understanding Section 80G Guide Income Tax Savings APNOKACA
Section 80G of the Income Tax Act, 1961, provides an avenue for taxpayers to reduce their tax liability through charitable donations.
Created on: 01/23/2024
Income Tax Clarification Deductions Donations Ram Mandir APNOKACA
Section 80G of the Income-tax Act, 1961 is a provision designed to encourage charitable contributions by offering tax deductions to individuals and organizations in India.
Created on: 01/19/2024
Byjus Employee Upset Late TDS Deposits APNOKACA
Despite their pay slips indicating consistent TDS deductions, the apparent discrepancy suggests that the deducted tax has neither been deposited nor reported to the tax authorities.
Created on: 01/18/2024
Income Tax Overhaul Boost Deduction Limits Section 80C APNOKACA
It's important to note that corporate firms, companies, and partnerships are not eligible for tax benefits under Section 80C.
Created on: 01/16/2024
Polycab Clarification: No Communication from Income Tax on Tax Searches, APNOKACA Informed
The clarification comes after the Income Tax department uncovered "unaccounted cash sales" amounting to approximately Rs. 1,000 crore during a recent raid on the Polycab Group.
Created on: 01/16/2024
Unreceived Tax Refund Reasons Solutions APNOKACA
After e-verification or manual verification by the taxpayer, the Department processes the ITR. It sends an Intimation-cum-Notice under Section 143(1) of the Income Tax Act, 1961, to the taxpayer's registered email.
Created on: 01/15/2024
Revamping the Appeal: Key Measures to Enhance the New Personal Income Tax Regime APNOKACA
While several options are being contemplated, there are suggestions that any such measures might be postponed until after the interim Budget on February 1.
Created on: 01/13/2024
Tax Regime Under Scrutiny: New Modifications Pose Potential Changes at APNOKACA
Tax experts suggest that the government may need to raise the threshold for the highest Personal Income Tax (PIT) rate, currently set at 30% and applicable from Rs 15,00,000 to at least Rs 20,00,000.
Created on: 01/12/2024
Exploring Options: Filing IT Returns After the December 31 Deadline at APNOKACA
Taxpayers have several opportunities to complete their Income Tax Returns. The deadline for filing Income Tax Returns (ITR) for the financial year 2022-23 was December 31.
Created on: 01/11/2024
Income Tax Department Exposes Rs 1000 Crore Unreported Cash Sales at Polycab APNOKACA
In an official ministry statement it was confirmed through the search operation that Polycab India engaged in unaccounted cash sales totaling around Rs 1000 crore.
Created on: 01/10/2024
2024 Tax Regime Transition Guide: Navigating New vs Traditional Income Tax Returns | APNOKACA
In the 2023 Budget, FM Nirmala Sitharaman introduced several changes in the New Tax Regime.