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Basic of Income tax return

124 Posts

It is important for taxpayers to file their tax returns accurately and on time to avoid penalties and interest charges. In addition, taxpayers should keep records of their income and expenses in case of an audit or other tax-related issues.

After the death of the taxpayer, his heir has to submit his ITR

For the income earned up until the date of death, his legal heir or representative must file an income tax return (ITR) on his behalf.

Income Tax Rules Change - Income Tax Has Made 3 Major Changes

After the union budget in the second quarter of 2022, three changes are proposed to the income tax rules that have been a reality. After directing in Q2FY23, three main modifications in the income tax rules proposed in the union budget 2022 have become a reality.

MCA extended the duration of several schemes

In light of the ongoing disruption brought on by the, the Ministry of Corporate Affairs has extended the lifespan of numerous programmes until December 31, 2020.

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