Income Tax exemption limit: Good news for taxpayers! Up to ₹ 5 lakh can be exempted in income tax
The preparation for the General Budget 2023-24 (Budget 2023-24) is going on in full swing. The government can give big relief to taxpayers in the budget to be presented in February next year. In fact, industry body Assocham has demanded the government to double the income tax exemption limit in the next budget. Assocham has said […]
ITR Filing important News: Who is exempted from filing ITR for the assessment year 2022-23 and who has to file?
ITR Filing: The last date to file ITR for assessment year 2022-23 is July 31. If a taxpayer fails to submit a belated return for the financial year 2021–22 (AY 2022–23), he may get a notice of inquiry from the Income Tax Department. Individual taxpayers whose accounts are not required to be audited have time […]
ITR for Senior Citizens: Are Senior Citizens Exempted From Filing Returns?
Income Tax Return: Less than two weeks are left for the deadline to end for filing Income Tax Return (ITR). For people getting salary or pension from the job, it is necessary to file the return by July 31. After this, tax will have to be paid on filing the return. The government gives concessions to senior citizens […]
