Finance Facts

Who Should File ITR

It’s important to note that even if your income is below the basic exemption limit, you may still choose to file ITR voluntarily. Filing ITR can be beneficial as it establishes a tax record, helps you claim refunds, and may be necessary for various financial transactions and government-related services.

Income tax laws and regulations can change, so it’s advisable to consult with a tax professional or refer to the latest tax guidelines issued by the Income Tax Department to determine your specific filing requirements for a particular financial year.

New income tax slab rates for FY 2023-24 (AY 2024-25) in India

The new income tax slabs announced under the new tax regime are applicable for the incomes earned in the FY 2023-24, i.e., between April 1, 2023 and March 31, 2024.
For computing your exact amount of tax you have to consider 4 more points after this slab rates i.e. rebate u/s 87A, deductions, surcharge, health and education cess @ 4% on income tax liability

What is TDS ?

TDS on salary, governed by Section 192 of the Income Tax Act, mandates employers to withhold taxes from the salary

Types of GST Registration

In India, under the Goods and Services Tax (GST) regime, there are various types of GST registrations based on the nature of the business and its turnover. Here are some common types of GST registrations:

How AMUL saved INDIA

You would have seen such videos on the news. Farmers dumping their tomatoes on the road. This was from Bihar.

The END of PAYTM

If you remember, in 2017,the video of Paytm’s CEO and founder Vijay Shekhar Sharma went viral. You could see the

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