Highlights of Union Budget 2022-23
Please find below Highlights of Union Budget 2022-23.
General
Paperless Budget. Presented on Tab by the FMEconomic Growth to be 9.2% for FY 2022-23Railways to develop projects for MSME small businessesECLGS Scheme extended till March 2023E-Passports...
ITR related Provisions
1) Who all need to file their tax returns?
If your gross total income (excluding deductions) exceeds the basic exemption limit of income above which tax is charged, you need to file ITR.
People spending over ₹2...
ESIC extends contribution depositing for August to 22nd September 2022
The ESIC has extended the deadline for filing of ESI contribution for August 15th, 2022 to 22nd September, 2022 instead of 15th September
Income Tax Saving (Deductions on Section 80C , 80D and others)
Deductions Available under Chapter VI of income tax
Chapter VI A of Income Tax Act contains various sub-sections of section 80 that allows an assessee to claim deductions from the gross total income on account of various...
Updated Income Tax Return introduced in Budget 2022 (ITR)
The Government has proposed allowing filing of updated tax returns for up to two years.For Example if you filed a return on December 31, 2021(AY 2021-22), then the assessment year ends on March 31, 2022 and...
All about upcoming Union Indian Budget 2023
All about upcoming Indian Budget 2023
Etymology and definition:
The word budget comes from the Old French word bougette meaning “small leather purse”, which in turn is a diminutive of the Gaulish bouge for “leather pouch,...
Form 60 – Submit this if you do not hold a PAN (Individual or...
What is the Form 60? How do I get it?
- Form 60 is a declaration form that an individual can file if one does not have a PAN card.
This can be filed for transactions...
