Understanding the New Direct Tax Code Understanding the New Direct Tax Code The Indian government’s efforts to reform the tax system have led to the introduction of the New Direct Tax Code (DTC), aiming to simplify the tax structure and make it more equitable. One of the key features of this new code is its … Read more
11 Special Cases Where Filing Income Tax Returns is Mandatory 11 Special Cases Where Filing Income Tax Returns is Mandatory Filing income tax returns (ITR) is a responsibility that every eligible taxpayer must fulfill. While many people are aware of the basic criteria for filing ITR, certain special cases often go unnoticed. These situations mandate … Read more
Capital Expenditure in Budget 2024 Capital Expenditure in Budget 2024 The Union Budget 2024 has reaffirmed the government’s commitment to robust capital expenditure, with a focus on sustained economic growth and infrastructure development. Despite the challenges posed by global economic uncertainties, the budget has maintained a strong emphasis on capital spending. Key highlights include … Read more
Understanding Belated Income Tax Returns Understanding Belated Income Tax Returns Filing income tax returns (ITR) is a crucial responsibility for every taxpayer in India. While the due date for filing ITRs is generally July 31, there are instances where individuals might miss this deadline. Fortunately, the Income Tax Act provides an option for such taxpayers … Read more
Revised Tax Rates Under the New Tax Regime Budget 2024 Revised Tax Rates Under the New Tax Regime Budget 2024 The Budget 2024 has brought a series of significant changes to the tax regime in India, aiming to simplify the tax structure and provide relief to taxpayers. The new tax regime, introduced as an alternative … Read more
