# income
12 posts in `income` tag
Maximizing Tax Savings: A Complete Guide to Section 80C Deductions
Discover how to maximize your tax savings with Section 80C of the Income Tax Act. This guide covers eligible investments like PPF, EPF, NSC, and tax-saving fixed deposits. Learn strategies to utilize the ₹1.5 lakh deduction limit, understand subsections 80CCC and 80CCD, and plan your finances for long-term benefits. Optimize your tax-saving strategies with this in-depth exploration of Section 80C deductions.
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By Krishna
Section 194N: Cash Withdrawal TDS Explained
This blog provides an in-depth explanation of Section 194N of the Income Tax Act, which mandates TDS on cash withdrawals exceeding specified thresholds. Introduced to promote digital transactions and curb black money, Section 194N impacts individuals, businesses, and other entities. Learn about its applicability, thresholds, rates, calculation methods, operational mechanisms, and the implications for account holders. Stay informed and manage your cash withdrawals efficiently with a thorough understanding of this important tax provision.
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By Krishna
Understanding Tax Benefits: Navigating Form 10BE and Section 80G Rules
Unlocking Tax Benefits: Form 10BE & Section 80G Explained" offers concise insights into leveraging tax advantages through donations and other avenues.
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By Krishna
Demystifying Form 16 for Income Tax Return: A Guide for Assessment Year 2024-25
Unlock the complexities of Form 16 with our comprehensive guide tailored for the Assessment Year 2024-25. From decoding tax deductions to understanding income sources, this guide empowers you to file your tax return confidently and efficiently.
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By Krishna
May 2024: Complying with Income Tax and GST Deadlines
Highlights upcoming deadlines for income tax compliance and GST filing. It emphasizes the need for prompt action to avoid potential penalties and legal issues.
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By Krishna
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Lowering Your Tax Bill: Demystifying Deductions and Exemptions
Nobody likes paying taxes, but there are ways to legally lower your tax bill. One way to do this is by taking advantage of deductions and exemptions. In this blog, we will explain what these terms mean and how you can use them to lower your tax bill. We will also provide examples of common deductions and exemptions and explain how to claim them in your Income Tax Returns (ITR). By the end of this blog, you'll have a better understanding of how to take advantage of deductions and exemptions to lower your tax bill.
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By Krishna
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Demystifying Section 194J: A Comprehensive Guide to TDS on Professional and Technical Fees in India
Explore the essentials of TDS on professional and technical fees in India under Section 194J. Our simplified guide breaks down the complexities, covering applicability, calculation, and compliance requirements. Gain clarity and ensure smooth financial management.
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By Krishna
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CBTD Extends Registration: What You Need to Know
In this blog post, we'll discuss the recent extension of CBTD's registration and provide you with all the essential details you need to know. Whether you're a current or potential registrant, this post will give you insights into the latest updates and changes to CBTD's registration process.
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By Krishna
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Understanding TDS Return Forms: 24Q and 26Q
TDS Return Forms 24Q and 26Q are important documents that need to be filed by taxpayers in India. This blog post will provide a detailed understanding of these forms, their significance, and how to file them correctly.
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By Krishna
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5 High-Value Cash Transactions That Can Trigger an Income Tax Inquiry
Avoid unwanted tax inquiries! This blog reveals 5 high-value cash transactions that might raise red flags with the Income Tax Department in India. Learn how to stay compliant and keep your finances stress-free.
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By Krishna
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Tax Timeline Simplified: FY vs. AY
Confused about tax deadlines? This blog cuts through the jargon and clarifies the difference between Financial Year (FY) - your income earning period - and Assessment Year (AY) - when taxes are assessed and filed. Master these tax terms and ensure a smooth tax season!
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By Krishna
Attention Taxpayers: Check Your Income Tax Refund Status Now!
This announcement urges taxpayers to promptly verify the status of their income tax refunds to ensure timely processing and receipt of any owed funds.
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By Krishna