[ad_1] The changes in the long-term capital gains (LTCG) tax regime, particularly the withdrawal of the indexation benefit, has emerged as one of the most contentious decisions announced in the Union Budget for 2024-25. The announcement initially led to confusion and trepidation among various sections, prompting the government to issue a string of clarifications and […]
Market watchers slam hike in long term capital gains tax, say will discourage savings, investments | Pune News
[ad_1] Market watchers said Union Finance Minister Nirmala Sitharaman’s move to hike long term capital gains (LTCG) tax from 10 per cent to 12.5 per cent will discourage savings and investments. “Just when the stock market has been having a good run for a long time, the news dampened the spirits… It is an unnecessary […]
Tax Audit (sec 44AB) limit for Businesses is 1 Crore or 2 Crore in FY 2018-19 / AY 2019-20? Here is the answer
What is Audit ? Audit means an inspection of books of accounts by some officials or some specified persons for the purpose of establishing the fact that the accounting records present a true and fair view. Types of Audit There are two types of audit, namely Statutory audit and Tax audit. What is Statutory Audit […]
What is Form 16? Download Automatic Income Tax Form 16 Part A&B and Part B for F.Y.2022-23 in Excel
What is Form 16? Form 16 Parts, Types, Eligibility, and Benefits | Form 16 is a type of document issued by an employer to its salaried employees when they file their income tax return for a particular financial year. Form 16 Part B must be filled by the deductor U/s 203 of the Income-tax Act, 1961 if the […]
Do you think Tax Audit threshold limit U/s 44AB for Professionals should be increased from 50 lakh ?- My point of view.
What is Profession ? There is no proper definition of Profession is given under Income Tax Act.According to Sec 2(36) of Income Tax Act, “profession” includes vocation.Sec 44AA deals with the professions that required to maintain books of accounts are, Legal Medical Architectural Accountancy Technical consultancy Interior decoration Any other profession notified by CBDT Is […]
Download Automatic Income Tax 50 employees Master of Form 16 Part B in Excel for F.Y.2023-24
In the realm of taxes, preparation is key. For businesses managing a workforce of 50 employees, mastering Form 16 Part B for the financial year 2023-24 is not just beneficial; it’s imperative. Therefore, In this detailed guide, we will unravel the intricacies of Automatic Income Tax and offer insights into navigating the complexities of Form […]
Download Automatic Income Tax Calculator All in One in Excel for the All Salaried Employees for the F.Y.2024-25 as per Budget 2024
Are you ready to tackle your taxes with ease? Say goodbye to the headache of manual calculations and cumbersome spreadsheets. Introducing the Automatic Income Tax Calculator All in One in Excel for both government and non-government employees, tailored specifically for the Fiscal Year 2024-25 as per Budget 2024. Whether you’re a seasoned tax filer or […]
Automatic Income Tax Preparation Excel-Based Software All in One for the Government and Non-Government Employees with Form 10E in Excel for F.Y.2023-24
Introduction to Income Tax Calculation Income tax calculation is a crucial aspect of financial management for individuals, whether they are government or non-government employees. Therefore, It determines the amount of tax an individual owes to the government based on their income, deductions, and exemptions. In other words, the Importance of an Automatic Income Tax Calculator […]
Download Auto Calculate Income Tax Preparation Software in Excel All in One for the Non-Government Employees for the F.Y.2023-24 and A.Y.2024-25 With Details of Section 115BAC of the Income Tax Act known as the new tax regime
Download Auto Calculate Income Tax Preparation Software in Excel All in One for the Non-Government Employees for the F.Y.2023-24 and A.Y.2024-25 | Therefore, Section 115BAC of the Income Tax Act is known as the new tax regime| Those opting for the new tax regime should be aware of Section 115BAC of the Income Tax Act, 1961. Section 115 BAC […]
Section 80EE of the Income Tax Act with Auto Calculate Income Tax Preparation Software in Excel for the Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25 as per Budget 2023
Section 80EE of the Income Tax Act | Section 80EE is a tax exemption provided under the Income Tax Act which is Rs. 50,000 a year with interest paid towards the purchase of your first home. Therefore, Budget 2023 under Section 80EE: When calculating the capital gain on the sale of a residential property, the owner’s cost of the property does […]