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Income Tax Return New Rule 2021, Tax Benefit for Senior Citizens

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.

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What is GST Evasion GST Evasion Penalties - Taxkundali

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.

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Taxes on Bitcoin in India Is Bitcoin Legal in India Taxkundali

Taxes on Bitcoin in India | Is Bitcoin Legal in India

Taxes on Bitcoin in India: These back-to-back lockdowns made people realize the value of getting a passive income source. In search of a good passive earnings source, we Indians tried some ways to make good money. Some started their own business from home and a few started investing in IPOs and real estate. However, plenty of people prefer to invest in cryptocurrencies. Bitcoin is a cryptocurrency created by Satoshi Nakamoto. you’ll buy or sell bitcoins on a bitcoin exchange. Any bank or government doesn’t regulate the currency. Blockchain is the core technology behind bitcoin and other cryptocurrencies. It’s a public ledger of data that records all bitcoin trades.

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