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3 days ago · After filing the IT return form, it is crucial to verify the return within 30 days. NRIs can easily e-verify their IT returns from abroad using net banking, which does not require an OTP (One-Time Password). NRI Income Tax Slab Rates for AY 2024-25 (FY 2023-24) – New Tax Regime & Old Tax Regime
4 days ago · How to view Form 26AS from net banking facility? The facility to view Form 26AS is available to a PAN holder having a net banking account with any authorised bank. You can view your Form 26AS only if your PAN number is linked to that particular account. This facility is available for free.
5 days ago · Maximum tax rate-34.320%. Maximum tax rate-35.800%. Maximum tax rate-39.000%. Maximum tax rate-42.744%. Business Income (where no DTAA 3 exists - in case of no PE/ No business connection (other than on account of significant economic presences)/ No business operation in India/Business connection on account of significant presence in India but ...
15 hours ago · Importantly Updated Tax Rules for FY 2023-24. You must stay informed of latest tax rules. These are key updates for the year 2023-24: New tax regime offers lower rates but fewer deductions. You can choose between new and old regimes. Travel allowance tax exemption limit increased to Rs. 50,000 yearly if conditions met.
2 days ago · But, certain documents are mandatory for every taxpayer, irrespective of income sources. Here is a list of such common ITR documents that are required to file ITR in FY 2023-24 (AY 2024-25) PAN Card. This is the first and foremost prerequisite if you are filing an income tax return. PAN is also required to deduct TDS and should be linked with ...
5 days ago · To determine TDS on a property deal, follow these steps: Determine the agreed-upon value of the property between the buyer and the seller. To get the quantity of TDS, compute 1% of the value. For example, the TDS deduction will be of Rs 75,000 for a property valued at Rs 75 Lakh. Before sending the payment, confirm the seller’s PAN information.
4 days ago · Tax rates: The rates of tax applicable to the capital gain in a slump sale are as follows: Short Term Capital Gain: Normal Rates of taxation Long Term Capital Gain: 20%