Property owners in Solapur pay the Solapur property tax. This amount is collected by the Solapur Municipal Corporation and is used for the city’s facilities and infrastructure improvement. How to pay Solapur property … READ FULL STORY
Salaried workers account for a sizable portion of all taxpayers in the nation, and thus have a substantial impact on the amount of taxes collected. The salaried class has access to a variety of … READ FULL STORY
The Central Board of Direct Taxes (CBDT) has notified Income-tax Return Forms (ITR Forms) for the Assessment Year 2023-24 under a notification dated February 10, 2023. These ITR forms will come into effect from … READ FULL STORY
Filing income tax returns is crucial, but many people assume this is a voluntary process, which is why they dismiss the income tax return process. However, filing an income tax return is an annual … READ FULL STORY
It is extremely painful to see your hard-earned money get deducted in taxes, the good use it is put to notwithstanding. A financially prudent taxpayer in the country must make use of all legally … READ FULL STORY
Companies paying dividends to their resident Indian customers are responsible to deduct TDS from this income under Section 194 of the income tax law. This rule is not applicable on business trusts and special purpose vehicles. See also: How TDS on securities interest is … READ FULL STORY
Who is a senior citizen in India? A senior citizen in India is a person who is above 60 years and below 80 years during the financial year. Pension, fixed deposits, rental income, post … READ FULL STORY
Section 234D of Income Tax (I-T) Act Sometimes, it may happen that a taxpayer is given an excess tax refund after he has filed for his Income Tax Return (ITR). The refund is given … READ FULL STORY
The Finance Act of 2021 incorporated Section 148A in the Income Tax Act, 1961, effective for the 2021-22 tax year. Its purpose is to require the assessing officer to make any necessary inquiries, with … READ FULL STORY
The government has implemented several profit-linked deductions and incentives to promote investment across a range of industries. Even though they can pay regular taxes, taxpayers who qualify for such deductions or incentives may become … READ FULL STORY
There are several upsides to filing your income tax returns on time. Those who fail to file their tax returns or pay taxes on time face several fines and even legal action, as outlined … READ FULL STORY
Your basic salary is entirely taxable. However, this is not true for some other components of your salary, including the HRA component. What is HRA? Almost always, house rent allowance (HRA) is an … READ FULL STORY
As the name indicates, a savings account is designed to incentivise people to save money and deposit it securely with a bank. It is an interest-bearing bank account that enables you to take out … READ FULL STORY
