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Income tax

Form 10BD: Statement of Donation’s Importance

What is the Importance of Form 10 BD Statement of Donations? Introduction Form 10BD is a statement of donations received…

Key Differences Between Form 10BD and Form 80G

What are the Key Differences Between Form 10BD and Form 80G? Introduction When it comes to making donations, donors often…

Due Date for Payment of State Wise Professional Tax

What are the due dates for the payment of state-wise Professional Tax? Introduction The professional tax filing date in each…

Role of TAN in Promoting Transparency in Taxation

What is the role of the Tax Account Deduction Number in promoting transparency in taxation? Introduction In the world of…

Effect of AMT on High Income Earners

The Effect of the Alternative Minimum Tax (AMT) on High-Income Earners Introduction Taxation is an integral part of any country's…

FAQs on ITR Filing

Frequently Asked Questions (FAQs) on Income Tax Return (ITR) Filing Introduction Filing Income Tax Returns (ITR) is an essential task…

Advantages & Disadvantages of AMT

Alternative Minimum Tax: Advantages & Disadvantages Introduction The Alternative Minimum Tax (AMT) is a parallel tax system designed to ensure…

The Impact of Latest ITR Filing Reforms

Impact of the Latest Income Tax Return (ITR) Filing Reforms: Understanding the Changes Introduction The income tax filing process is…

Role of Assessing Officer in Scrutiny Assessment

Role of Assessing Officer in Scrutiny Assessment- All you need to Know Introduction The Income Tax Act, 1961, provides for…