All latest News and updates regarding Accounting, Compliance and Legal
All related to different taxations like IncomeTax, GST, International taxations etc.
Short Term Capital Gains Tax Vs Long Term Capital Gains To have separate tax treatment for individuals who invest to protect their savings and those who make the investment as a way to generate income, the capital gains on selling shares have been divided into two groups for tax purposes. Long-term capital gains are any […]
A personal income tax calculator is a tool used to estimate an individual’s income tax liability based on their taxable income, tax slab rate, and any applicable deductions. To use a personal income tax calculator, an individual needs to input their taxable income, which is calculated by subtracting any allowable deductions from their total income. […]
What is Tax Planning? Tax planning is the review of one’s financial status from the perspective of tax efficiency in order to arrange one’s finances in the most effective way possible. With the use of tax planning, a taxpayer may reduce their overall tax bill for a given fiscal year by taking full advantage of […]
What is income tax slab? Individual taxpayers will be required to pay income tax according to the applicable slab structure. A person may be assigned to a different tax bracket depending on their income. Consequently, people with greater incomes will be required to pay more tax. The introduction of the slab system aimed to keep […]
Those with sources of income besides their salaries are obligated to pay advance tax. Advance tax can be paid by those who make money via renting out their property, selling their shares, making fixed deposits, winning the lottery, etc. The “Pay as you Earn” plan, often known as advance tax, can be paid through specific […]
Around 45 days have elapsed since the filing deadline for income tax returns, and the income tax administration has already started disbursing qualified taxpayers’ refunds. The income tax (I-T) department reports that as of September 8, 2022, refunds of Rs. 1.19 lakh crore had been given out, which is 65.29 per cent higher than had […]
The due date of filing personal ITR is July 31, 2022, and maybe you aren’t concerned as you think you’re not eligible to pay tax. Well, if you’re living in this dilemma then read below: Filing of Income Tax return is mandatory in the following cases: 1) If an individual has assets outside India: An […]
When starting a business, there are a lot of things to take care of. One of the most important is the business tax. Taxes in India have been simplified significantly in recent years, but there are still a lot of them that you need to be aware of. In this blog, we will look at […]
As all of us know there are two parts to our income, one is the basic salary on which we pay tax and the other is the bonus that we get for the hard work that we put into our job. But do we have an effective and legal way to save tax? As far […]
Most people skip the process of E- Verify after filing or uploading the return. As per the Income Tax Act, if the assessee doesn’t verify the filed income tax return within a period of 120 days from the date of uploading it then the uploaded return will be deemed to be invalid or null and […]
About UsContact Us BlogPrivacy Policy
By continuing past this page, you agree to our Terms of Service , Cookie Policy , Privacy Policy , Refund Policy and Content Policies
©2020: All rights reserved to Decisive Tax and Compliance Solutions Private Limited.