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NPS Return : बड़ा रिटारमेंट फंड बनाने की चाह रखने वाले निवेशकों के लिए एनपीएस एक बेहतर विकल्प हो सकता है, यह एक मार्केट लिंक स्कीम है ऐसे में इसमें बाकी स्कीम के मुकाबले अधिक रिटर्न मिलने की संभावना भी रहती है. NPS Calculator : सरकार द्वारा नेशनल पेंशन सिस्टम यानी एनपीएस (NPS) में अधिक फीचर…
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The last date to file an Income Tax Return was July 31. Now, the department is processing Income Tax refunds to the taxpayers. The Income Tax Department has released an update on the processing of Income Tax Returns (ITRs) for the assessment year 2024- 25. As of July 31, 2024, over 6.21 crore ITRs have…
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Income Tax Return (ITR) processing AY 2024-25: More than 4 crore taxpayers have already filed their Income tax Returns (ITRs) for Assessment Year (AY) 2024-25 till July 27, the Income Tax Department has informed on its portal. Last year, as many as 8.14 crore total ITRs were filed and on AY 2024-25, this number is…
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Our article provides a detailed comparison between existing and proposed TDS rates as per the Finance (No. 2) Bill 2024. From life insurance payouts to commissions and rental payments, see how these updates could impact your deductions. ~Navneet Shukla (Special thanks to Taxmann)
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This article highlights the critical points for switching between the old and new tax regimes as proposed by the Finance (No. 2) Bill 2024. Find out when it’s beneficial to opt for the new Section 115BAC and how deductions like Section 80C, 80D, and interest on housing loans affect your tax liabilities. ~Navneet Shukla (Special…
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Two Tax Regime: New Regime u/s 115BAC (Default) and Old Regime New Regime ✔ Basic Exemption Limit is 3 Lakh Tax Rebates u/s 87A is Rs.25,000/- subject to total income of Rs.7 Lakh Savings Bank Interest is fully Taxable and not exempt upto Rs. 10,000 New Regime is always beneficial if you have no deductions…
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Discard ITR: Now you can discard a duly filled up income tax return (ITR) and file a fresh ITR only if the original ITR which is discarded now has not been verified. Earlier if you needed to make any corrections in a submitted ITR, you could only file a revised ITR. Did you ever find…
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If you’ve dabbled into crypto investments, you must provide detailed disclosures in the newly introduced Schedule VDA (Virtual Digital Assets) when filing returns before July 31. Unlike other assets, you cannot offset crypto losses against capital gains from other assets, such as the sale of mutual fund units or stocks. It’s that time of the…