Income Tax Return New Rule 2021, Tax Benefit for Senior Citizens
Income Tax Return New Rule 2021: The tax department brings a bit of excellent news for senior citizens above 75 years of age. Now they don’t get to file ITR if they meet certain conditions. The Central government in its 2021-22 Budget had added a provision to exempt senior citizens of 75 years and above having pension income and interest from fixed deposits in the same bank from filing income tax returns for the financial year beginning April 1. As per the notice to the Budget 2021, “In order to provide relief to senior citizens who are of the age of 75 years or above and to reduce compliance for them.
What is GST Evasion | GST Evasion Penalties – Taxkundali
What is GST Evasion – Goods and Services Tax (GST) was implemented in the Indian economy from 1st July 2017 to displace the various indirect taxes and surcharges which were levied before 1st July 2017 with one customized tax structure and also to reduce the cascading effects of taxation through the input tax credit mechanism and levy the tax only on the value-added. Main purposes of GST’s implementation, one more general aim of combating evasion in tax structure was also included. Tax evasion has become a serious problem for the government of just about every country which is hard to regulate.
5 benefits of filing ITR even if your income is not taxable
5 Benefits of Filing ITR: If you’re an Indian citizen and your gross total income surpasses the tax exemption limit, then you must file your tax returns (ITR). If your gross total income doesn’t exceed the tax exemption limit, then you don’t need to file your ITR. an individual whose gross income is up to Rs 250,000 per annum isn’t required to file ITR. You are also required to file your ITR if your electricity consumption bill exceeds Rs 1 lakh in a year otherwise you have undertaken foreign travel for over Rs 2 lakh
Tax Advisors in India – Taxkundali
A tax advisor is a financial expert with excellent training and knowledge of tax accounting and tax law. The services of a tax advisor are usually retained to attenuate taxes payable while remaining compliant with the law in complicated financial situations. Tax Advisors in India A taxpaying thing, like an individual, partnership, corporation, trust, etc. that features complicated financial circumstances can seek out the expertise of a tax advisor to assist reduce the quantity of taxes to be paid to the taxing authorities
Tips for managing the business during Covid-19 | Taxkundali
We live in a world where no one knows what will happen next, we live with uncertainty, Uncertain danger. After 2019, the world neither knew nor was ready to see how much the corona epidemic will affect everyone’s life. From 2020 to 2021, this epidemic has not left us and it is breaking our back. During this period, the business conditions deteriorated, some were ruined and some went into too much loss. People need Tips for managing the business during Covid-19. People do not understand how to handle business ahead, what should we do and should not do during this pandemic.
What is Tax Evasion – Taxkundali
What is Tax Evasion: India is a very developing country, new industries, and new businesses are constantly being established here. Business is growing rapidly in India, there are all types of businesses from small to big. Even after doing so much business, the government is not getting tax properly. Because there are lots of businesses in India which do tax scam and tax evasion. There are many ways in which tax can be avoided. There are several methods that people use to avoid paying taxes in India like a false tax return, fake documents, bribery, false deductions, and combining personal expenses in business expenses.
Top Accounting Audit Services in Jaipur | Taxkundali
Auditing and Accounting is an important part of a successful business. Accounting deals with the flow of money in the company or organization. Top Accounting Audit Services in Jaipur provided the best audit outsourcing services for your firm. Business logs are to be kept up to date with the accepted accounting principal. It makes you evaluate your capability and working of the business and the future expansion capability. Best CA Firms in Jaipur offer Auditing, Accounting, Management, Taxation, Income Tax Filing, Tax Planning, TDS, GST, Financial Planning, Financial Services, Tax consultancy, Financial Advisor. Cash Management, Credibility, etc. It is a strong tool for maintaining credibility. By accounting, the investor gets a clear picture of opportunity and risk.