Leave Encashement Exemption Limit Increased to Rs 25 Lakh MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 24th May, 2023 (INCOME-TAX) S.O. 2276(E).—In exercise of the powers conferred by sub-clause (ii) of clause (10AA) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central… Read More »
Girish Ahuja Income Tax Books for CA, CMA, CS and Other specialised Studies Here are the list of latest Girish Ahuja Income Tax Books useful for CA, CS , CFA, CFA,MFC, MBA, M.Com and Other Specialied Studies Commercial’s Income Tax Rules ( free E-book) By Dr Girish Ahuja & Dr Ravi Gupta 12th Edition March… Read More »
New Notices for significant financial transactions from Income Tax department for FY 2022-23 (AY 2023-24) If you have done significant financial transactions , then income tax department is sending as Notices to the taxpayers.his article is written by CA satbir Singh (Contact us Taxheal@gmail.com ). Format of SMS sent to taxpayer for significant financial transactions Income… Read More »
How to check Income Tax Payment I Advance Tax I Self Assessemnt Tax paid New Change in Income tax to check Tax Payment on Efiling portal from FY 2022-23 (AY 2023-24 onwards ) This article is written by CA satbir Singh (Contact us Taxheal@gmail.com ) #IncomeTax #advanceTax #selfAssessment Tax In this video you will also… Read More »
Income Tax Slab for FY 2023-24 / AY 2024-25 Income Tax Slab for FY 2023-24 AY 2024-25 as per Finance Bill 2023 and Income tax Slab for FY 2022-23 AY 2023-24 1. In case of an Individual (resident or non-resident) or HUF or Association of Person or Body of Individual or any other artificial juridical… Read More »
Section 80DDB Income Tax Dedction for Medical Treatment Section 80DDB Income Tax Dedction for Medical Treatment as Amended by Finance act 2022, You aslo need to study Rule 11DD of Income tax rules Sumamry of Section 80DDB Income Tax Act Section 80DDB of the Income Tax Act provides tax deductions to taxpayers for medical expenses… Read More »
Section 80G Income Tax Act In this article we will discuss Sumamry of Section 80G of Income Tax Act and Complete section 80G of Income tax Act as Amended upto Finance act 2022 Summary of Section 80G of Income Tax Act Section 80G of the Income Tax Act provides tax deductions to taxpayers who make… Read More »
Income Tax Slab for FY 2022-23 AY 2023-24 Income Tax Slab for FY 2022-23 AY 2023-24 and Income tax Slab for FY 2021-22 AY 2022-23 as Amended by Finance Act 2022 1. In case of an Individual (resident or non-resident) or HUF or Association of Person or Body of Individual or any other artificial juridical… Read More »
Section 194Q Income Tax Section 194Q Income Tax is Inserted by the Finance Act, 2021, w.e.f. 1-7-2021. You also needs to refer Income Tax rules 30, 31, 31A, 37BA and Form Nos. 16A, 24G, 26B, 26Q and 27A. . Also Refer Circular No. 13/2021, dated 20-6-2021 (Guidelines under section 194Q) and Circular No. 20/2021, dated 25-11-2021… Read More »
Income Tax Calculator FY 2023-24 Income Tax Calculator 2023-24 has been released by Income Tax Department after Finance Bill 2023 for FY 2023-24 /AY 2024-25 Tax Calculator is now live! A dedicated tax calculator to check Old Tax Regime vis-à-vis New Tax Regime for Individual/HUF/AOP/BOI/Artificial Juridical Person(AJP) as per Section 115BAC can now be accessed… Read More »