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Homec > Tax

Tax

Just One Wrong Disclosure...
The government is making every effort to stop tax evasion. New technology is being used. What methods is the government using to detect tax evasion? How can businessmen get notice regarding mismatch of income tax return and GST return?
Check this before filing ITR!
Filing ITR is the most crucial financial task you undertake in a year!
How much tax is levied on mutual fund redemption?
The stock market is rising and so is the value of mutual funds.
How much tax is levied on mutual fund redemption?
The stock market is rising and so is the value of mutual funds.
October fails to cheer in a year of tax buoyancy
Cumulative collections from major tax revenues such as corporation tax, central GST, excise duty and customs duty before devolution to the states dipped marginally in October 2023.
Earned interest? Now pay taxes!
The taxpayer is required to show interest earnings from all their savings accounts within a financial year in his ITR under the head Income from other sources.
Nothing is Tax-Free!
Many people earn a lot from interest on fixed deposits, recurring deposits and savings accounts. Is it necessary to declare interest earned in income tax return? How will the interest received from FD be taxed? What action can be taken if interest income is not shown in ITR?
Your Diwali bonus will also face tax!
If an employee receives money from the company in cash or in his account, then it will be considered as Income From Salary
Got Bonus? Pay Tax Now!
Employees get gifts or bonuses on Diwali, but many people are unaware about the associated tax rules? How much tax is levied on the bonus received from employer on Diwali? When and how much tax is levied on office gifts?
Tax mop-up could top budget estimate
Detailing how the revenue collection exceeded projections in FY23, an official statement said, “The provisional figures of direct tax collections for the Financial Year (FY) 2022-23 show that net collections are at Rs. 16.61 lakh crore, compared to Rs. 14.12 lakh crore in the preceding Financial Year i.e. FY 2021-22, representing an increase of 17.63%.

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