9 Important Tax-Saving Schemes Under The Income Tax Act

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By  Online Legal India

Published on  08 Dec 2022

Updated On  06 Jan 2023

Category  Income Tax

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Section 80C of the Income Tax Act governs the majority of tax-saving investment schemes. According to this provision, the investor's investments are entitled to tax exemption up to a maximum of Rs. 1,50,000.

Everything About the Scrutiny Assessment Under Income Tax Act, 1961

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By  Online Legal India

Published on  07 Dec 2022

Updated On  06 Jan 2023

Category  Income Tax

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An income tax assessment determines a person's or a corporation's tax liability. The Income Tax department has the authority to assess any taxpayer. Assessments are carried out by the Central Board of Direct Taxes, which is overseen by the Income Tax Act of 1961.

Get To Know About TDS Form 16

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By  Online Legal India

Published on  01 Dec 2022

Updated On  18 Jan 2023

Category  Income Tax

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Employers in India are required by the Income Tax Act of 1961 to deposit this TDS with the government. You would be wondering at this point whether it is possible to confirm that the TDS was actually deposited with the government. Form 16 can be used in this situation.

Get To Know About Direct and Indirect taxes In details

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By  Online Legal India

Published on  30 Nov 2022

Updated On  06 Jan 2023

Category  Income Tax

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A tax is a charge that the government levies against its people as well as different businesses or institutions. Every government typically levies two different types of taxes: direct tax and indirect tax.

How to File a Tax Deducted at Source Return

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By  Online Legal India

Published on  28 Nov 2022

Updated On  06 Jan 2023

Category  Income Tax

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The deductor is responsible for filing TDS returns in addition to depositing the tax. A quarterly statement known as a TDS return filing is what the deductor is required to deliver to the Income Tax department by the deadline.