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INCOME TAX

Taxation for private limited Company

Taxation For Private Limited Company

Introduction Taxation for private limited company Private Limited Companies are one of the most popular forms of business entities in India. They offer limited liability protection to their shareholders, which means the personal assets of the shareholders are safeguarded in case of business debts or losses. Private limited companies also enjoy perpetual succession and have …

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Things to keep in mind before filing ITR

Things to keep in mind before filing ITR

Introduction When filing your Income Tax Return (ITR), there are several important points to keep in mind. Here is an introduction to some key considerations: Gather all necessary documents: Collect all relevant documents such as Form 16 (provided by your employer), bank statements, investment proofs, rent receipts, and any other documents related to your income, …

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Angel tax

Angel tax exemption – everything you need to know

Introduction: Angel tax is a topic of significant interest and concern in the startup community. Entrepreneurs and angel investors alike have been grappling with its implications and seeking clarity on the exemptions provided. In this article, we will delve into the details of angel tax and provide you with everything you need to know about …

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exemption limit for senior citizen, Senior Citizen ITR 2023

Senior Citizens exemption limit for filing ITR 2023

Introduction of Senior Citizens exemption limit: In this article, we will discuss the exemption limit for senior citizens for filing an income tax return(ITR) in 2023. Understanding the tax benefits and exemptions available to senior citizens is essential for effective tax planning for filing ITR. We will see the eligibility criteria, different tax slabs, and …

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difference between old and new tax regime, Old vs. New Tax Regime:

Difference between Old and New Tax Regime: which is good?

Introduction: The difference between old and new tax regimes has become a subject of interest for individuals and businesses alike. As tax regulations transform, it becomes crucial to comprehend the contrasts between the old regime and the new regime’s two systems to make informed financial decisions. Overview of the New Tax Regime: Finance Minister Nirmala …

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