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The 53rd GST Council Meeting was held on 22nd June in Delhi. This meeting took place after the pre-Union Budget, 2024 discussions. Further, the chairperson of this meeting was Ms. … 53rd GST Council Meeting: Know the Important Pointers Read More »

The heads of the income help in bifurcation of income and thereby, enable the smooth calculation of taxes. That said, the taxpayer must classify his income under these heads at … Heads of Income Under The Income Tax Explained Easily Read More »

Income Tax Return documents ease the filing process of Income Tax Return. Further, the procedure, as well as the form applicable for filing ITR varies as per the sources of … Know About Mandatory Income Tax Return Documents in 2024 Read More »

Exemptions, allowances and deductions help in the reducing the tax liability of the taxpayers. However, all the exemptions, allowances and deductions are not available under both the tax regimes. While … Exemptions, Allowances, and Deductions under the Old & New Tax Regime Read More »

Input Service Distributor or ISD is one of the type of taxpayer under GST that distributes the Input Tax Credit (ITC) belonging to its GSTIN under the same PAN. This … Input Service Distributor Under GST: Know Concept and Procedure Read More »

On purchase of residential property through a home loan, one can save taxes through Section 24, Section 80C, Section 80EE and Section 80EEA of the Income Tax Act. Time and … Tax Benefits on Home Loan: Know More at TaxHelpdesk Read More »

Do’s and Don’ts of Filing ITR: During each Financial Year, we are required to file our Income Tax Returns, also commonly known as ITR. Many of us think that filing … Do’s and Don’ts of filing Income Tax Return Read More »

Financial Year is different from the Assessment Year. Financial Year is the year in which income earned and Assessment Year is the year in which income is assessed and taxed.