We have heard about tax deductions that can be claimed while filing ITR. For example, the premium paid for life insurance can be claimed as deductions […]
Finance act 2021 introduced a new section 194P which offers exemptions to the senior citizen from filing income tax returns. This section came into effect from […]
Earlier, people had two options to define their employment. One was salaried, and the other was self-employed. But now, the third category has evolved, which is […]
Recently government introduced a Composition scheme to simplify GST filing for small taxpayers by reducing formalities. Let’s discuss the same and understand it in a better […]
The Income Tax Department has announced the roll-out of a new statement namely the Annual Information Statement (AIS) which would provide you with almost all details […]
The full form of MSME is Micro, Small, and Medium Enterprises, and this sector is the backbone of our country’s economy. The MSME industries boost the […]