# income tax
12 posts in `income tax` tag
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.
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By Krishna
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.
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By Krishna
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.
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By Krishna
Important Update Pan Card Income Tax Fine Rs 10000 APNOKACA
If someone holds two PAN cards, s/he may have to pay a fine for this, and the income tax department has the right to cancel the individual’s PAN as per the law.
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By Krishna
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.
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By Krishna
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.
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By Krishna
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.
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By Krishna
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.
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By Krishna
Interim Budget 2024 No changes Income Tax Rebate APNOKACA report
Additionally, the basic exemption limit was raised from Rs 2.5 lakh to Rs 3 lakh. A deduction of Rs 15,000 for a family pension was introduced.
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By Krishna
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.
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By Krishna
Key Income Tax Rule Changes Unveiled by Finance Minister Nirmala Sitharaman in the 2024 Budget
Explore six noteworthy income tax updates, including changes to the tax regime and rebates, highlighted by Finance Minister Nirmala Sitharaman during the presentation of the Union Budget 2023.
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By Krishna
Tax Calendar 2024: Key Deadlines for Income Taxes in January, February, and March
You need to report the income earned between April 1, 2023, and March 31, 2024, during the fiscal year 2023–24. The filing of returns and declaration of investments for tax assessment occurs in the Assessment Year (AY), the reviewing year for FY 2023–2024.
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By Krishna