GST Composition Scheme Turnover Limit: The turnover limit for businesses to be eligible for the Composition Scheme under the Goods and Services Tax (GST) in India is ₹1.5 crore. This turnover threshold determines which businesses can opt for the Composition Scheme and enjoy its simplified compliance and lower tax rates. GST Composition Scheme Turnover Limits Overview … Read more
Form 15H is a self-declaration senior (aged 60 or above) can use to lessen the tax taken from interest earned on fixed or recurring bank deposits. For senior citizens, the bank usually takes tax (TDS) on deposit interest above Rs. 50,000. However seniors can avoid this tax by using Form 15H if they meet these … Read more
Sukanya Samriddhi Yojana Calculator: We are excited to introduce our newly developed Sukanya Samriddhi Yojana calculator, tailored specifically for our valued users. The best part is that it comes at absolutely no cost and doesn’t require you to provide personal information such as your email ID or phone number. Our user-friendly tool has been … Read more
SBI PPF Account: In this era of digital banking, initiating the process of opening an SBI PPF account online is incredibly simple. While you can begin the process online, keep in mind that you will need to visit an SBI branch once to submit the required documents and complete the process. With your SBI net … Read more
As per Income Tax Department guidelines, you will get your income tax refund only if your bank account is validated on the income tax filing portal. So all taxpayers who want income tax refunds fast and without any error should pre-validate their bank account on the income tax portal. The official website of income tax … Read more
ITR Intimation 143(1) for Refund or Demand: To facilitate online analysis of income tax returns, the Income Tax Department has set up a Centralised Processing Center (CPC). After your e-Filing, CPC processes all income tax returns that you have submitted. It is the main task of the Centralized Processing Center to send an intimation to … Read more
Mutual Fund Taxation A.Y. 2022-23: In case you are planning to invest or have already invested in mutual funds, you need to understand their taxation. You cannot get a better return on mutual funds without knowing the tax rules. You must know how to calculate taxes on mutual fund gains and dividends. You can find … Read more
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