Introduction: In the bustling city of Mumbai, India, resides Priya, a middle-class working professional. She finds...
Practical Case Studies on Old vs. New Income Tax Regime.
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Tax Deductions
Is the New Tax Regime appealing enough? : Practical difficulty of New Tax Regime.
Background: Utilization Trends of the New Tax Regime The dual objectives outlined in the budget speech for the new tax...
Comparative analysis of Old Tax Regime and New Tax Regime.
The Hon’ble Finance Minister in her speech mentioned five major announcements impacting personal income tax rates and...
Changes In Income Tax Return Form No 1 to 4 for Assessment Year 2024-25.
No change in the applicability: The CBDT has not amended R12 of the Income-tax Rules, 1962, which outlines the...
Changes In Income Tax Return Form No 2, 3, 5 for Assessment Year 2024-25.
Applicability of ITR forms – not changed: Specific Income Tax Return (ITR) forms are applicable to specific...