What is Financial Year & Assessment Year?
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.
Assessment Year
Know the important differences between updated return & revised return
Updated Return & Revised Return are major parts when it comes to filing of Income Tax Return. And, the concept of updated return was introduced recently through the Union Budget, …
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Taxability of Dividend Income: Everything You Need to Know
There was exemption on the taxability of dividend income for shareholders till the Assessment Year 2020-21. Accordingly, the companies were liable to pay taxes on such dividend income. Taxability of …
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