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Have you Missed deadlines for tax proof submission? Don't get too worked up just yet. If you've missed an important tax deadline, don't worry too much. There's still time to fix it, but you need to act fast. Start by talking to your boss or a tax expert to figure…

GST is a comprehensive indirect tax charged on the supply of goods and services throughout the country, aimed at creating a unified market and simplifying the tax regime. This article explores the impact of GST on insurance, covering aspects such as insurance policies, premiums, claims, input credit, and vehicle insurance.…

Section 194A of the Income Tax Act, 1961, also known as TDS on FD under Section 194A (Tax Deducted at Source on Fixed Deposits), is an important law governing the taxation of interest income obtained from Fixed Deposits in India. This clause requires financial institutions, such as banks and post…

Section 80C of the IT Act, 1961 gives taxpayers a variety of deductions to reduce their taxable income. This article aims to provide an understanding of Section 80C, its legal applications, provisions, and the various investments and expenses that qualify for tax deductions under this section. It also highlights the…

Deductions allowed under the New Tax Regime. Every year, governments worldwide make amendments to their tax regulations, aiming to streamline the tax structure and maximize revenue generation. The article focuses on the key deductions in the new tax regime. The aim of the article is to provide a comprehensive overview…

Imagine your income tax journey as a puzzle, and one crucial piece of that puzzle is Loss Set Off. Loss set off under the Income Tax Act, 1961 might sound complex, but it's essentially a way to balance the scales when you've faced financial losses. In this blog, we'll get…

The NPS (National Pension Scheme) came into force to provide individuals with a consistent source of income during their retirement years. It is a long-term investment and provides various tax benefits of NPS. Understanding these advantages might assist consumers in making sound decisions about their retirement funds. This article deals…

A Tax Saving Fixed Deposit (FD) is a specific financial instrument provided by banks and financial institutions in several countries, including India, to assist individuals in lowering their taxable income while encouraging saves. A Tax Saving Fixed Deposit is a financial product that allows individuals to invest a set sum for…

To start a new journey of setting up a proprietorship firm in Sikar, Rajasthan. There is a need to know about the registration process for proprietorship firms in Sikar. Sikar is a vibrant place and fast-growing city in Rajasthan and starting a venture is one of the great decisions. In…

Tax planning is a crucial aspect of financial management that focuses on strategic decision-making to mitigate tax liabilities within the framework of the law. It involves a careful analysis of tax laws and regulations to ensure compliance while minimizing tax payments. This article aims to provide a comprehensive overview of…