Presently, technology has changed the way people pay taxes and file return of income. There is also a system where ITR forms are pre-filled based on data available to the tax department from various ...
Presently, technology has changed the way people pay taxes and file return of income. There is also a system where ITR forms are pre-filled based on data available to the tax department from various ...
Nirmala Sitharaman made a profound statement that resonated deeply with citizens across the country ... The briefings of some of the revision made in income tax slab and rates is explained below in ...
New Income Tax Bill: The Union Cabinet has approved the New Income Tax Bill, which aims to replace the 1961 Act by simplifying direct tax legislation. This proposed bill, featuring clearer ...
However, there are concerns, too. Budget Allocations Explained: It is an open question whether income tax cuts for those earning five to six times more than the average Indian is the best way to use ...
Tax on subsequent amount of 4 lakh (from 4 lakh to 8 lakh) Rs 20,000 (being 5% of Rs 4 lakh) Tax on subsequent amount of 4 lakh (from 8 lakh to 12 lakh) Rs 40,000/- (being 10% of Rs 4 lakh) Tax on ...
The government presents two key fiscal policy statements to Parliament, as mandated by the Fiscal Responsibility and Budget Management (FRBM) Act, 2003.
Accrued interest is recorded as an expense or as revenue on the income statement, depending on whether the interest is being paid or received. Accrued expenses are a type of accrued liability and ...
The company's income statement breaks down its revenue, expenses, and earnings per share. Its P/E ratio is above average, which means people are willing to spend a high amount for each dollar of ...