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The profit from the sale of an asset attracts capital gains tax. Depending on the holding period of the asset, the tax has been categorized into short-term and long-term capital gains tax.Read More
Tax Saving checklist you must follow this financial year
Taxes are unavoidable, but the liability can be reduced through smart planning. Here is a tax saving checlist for this financial year.Read More
Importance and Benefits of Tax Saving
The Indian Government allows tax deductions for a number of investments. Similarly, several types of monetary gains are tax-exempt. Deductions and exemptions together form the core of tax saving.Read More
Type of Tax Saving
With new start of the new financial year, it is time to file your income tax. The government has done away with most tax-saving tools under the new tax regime, but ou can still save taxes under the old system.Read More
Income Tax Calculation 20-21
Step 1 - Calculate your total income
Step 2 - Account for all deductions from your total income
Step 3 - Identify your income tax slab and apply relevant rate of tax on your incomeRead More
Tax Exemption Rules in 2020
The government introduced a new income tax regime with lower tax rates in 2020. While most deductions and exemptions have been eliminated under the new system, you can still avail some tax exemptions.Read More
Who can file ITR1?
An income tax is a form in which assesses provide information about their annual income. There are seven types of forms for filing income tax. The ITR1 can be filed by a specific category of taxpayers.Read More
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