Who is required to file the IT returns? While talking to a number of my colleagues and friends who’re salaried, I take into account that majority of them are beneath the affect that as complete tax has already been deducted from their earnings, they’re now not required to file their income tax returns.
Composition Scheme In GST – Defies common sense On daily foundation every person stumble upon shops in our localities which might no longer problem right payments or use easy paper to difficulty bills in case some one asks for it and transact commercial enterprise mostly on cash. They don’t convey any account books or targeted […]
A way to record overseas investment to RBI through authorized dealer Each Indian organisation who gets FDI (foreign Direct investment) needs to record such FDI inflow to order bank of India. therefore that is my try and clarify the technique concerning document of FDI to RBI.
Appearance past phase 80C: have you missed out on any of those tax breaks? Maximum folks are privy to the concept of deductions from gross total profits available to a taxpayer. you can still declare deductions from one’s gross overall income by investing in avenues distinctive via the government. those deductions are to be had […]
Complete investments, expenditures than can be claim under Section 80C However we already know the deduction available under section 80C of the Income tax Act, 1961. The maximum amount of deduction that can be claimed under section 80C is Rs 150000 for FY 2015-16. The section have many investment options to the taxpayer that not […]