Common Mistakes to Avoid in Tax-Saving Strategies
Common Mistakes to Avoid in Tax-Saving Strategies When it comes to tax-saving strategies, it’s essential to tread carefully. The tax landscape is filled with potential pitfalls that can derail your…
NRAI Urges Government to Restore Input Tax Credit for Restaurants
NRAI Urges Government to Restore Input Tax Credit for Restaurants The National Restaurant Association of India (NRAI) has called on the government to take action ahead of the upcoming Union…
Life Insurance Corporation of India Receives Rs 25,464 Crore Income Tax Refund
Life Insurance Corporation of India (LIC) Receives Rs 25,464 Crore Income Tax Refund Life Insurance Corporation of India (LIC) announced that it has received a substantial income tax refund totaling…
Government-Recognized Startups: 2,975 Granted Income Tax Exemptions
Government-Recognized Startups: 2,975 Granted Income Tax Exemptions A senior official from the Department for Promotion of Industry and Internal Trade (DPIIT) revealed that up to 2,975 government-recognized startups have been…
Budget 2024 Expectations: Standard Deduction and Income Tax Relief
Budget 2024 Expectations: Standard Deduction and Income Tax Relief Salaried individuals await the Interim Budget 2024 with bated breath, hoping for some respite in income tax. However, expectations of an…
Increased Tax Buoyancy Expected to Boost Funding for Farmers and Social Sectors in Interim Budget
Increased Tax Buoyancy Expected to Boost Funding for Farmers and Social Sectors in Interim Budget The upcoming interim budget is anticipated to benefit from the increased tax buoyancy, evident in…
Budget 2024 Expectations: Simplifying Personal Taxation and More
Budget 2024 Expectations: Simplifying Personal Taxation and More The Confederation of Indian Industry (CII) has put forth its proposals for Budget 2024, with a primary focus on streamlining personal taxation.…
Old vs New Tax Regime: A Detailed Comparison
Old vs New Tax Regime: A Detailed Comparison A tax slab essentially dictates the amount of tax that an individual or business is required to pay according to their income.…
Highlights of Budget 2024: Tax Relief and Reform Achievements
Budget 2024: Tax Relief and Reform Achievements Finance Minister Nirmala Sitharaman made a pivotal announcement during the interim budget presentation on Thursday. She declared that the government would not pursue…
Key Highlights of Interim Budget 2024-25: Personal Taxation Announcements
Personal Taxation Announcements in Interim Budget 2024-25 Announcement Details No Changes in Personal Tax Rates Finance Minister Nirmala Sitharaman adheres to past parliamentary practice, maintaining existing tax rates. Under the…