Tax & Compliance
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A Simple Guide to Income Tax in India
Income tax is an integral part of a citizen’s financial responsibility in India, contributing significantly to the country’s revenue and development. Understanding income tax laws and regulations is crucial for individuals and businesses alike. In this comprehensive guide, we will delve into the intricacies of income tax in India, covering key aspects, tax slabs, exemptions, and compliance requirements. Chapter 1:…
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Importance of Form 16 and Form 26AS while Filing a Return
With the Income Tax Return (ITR) filing season rapidly approaching, the critical nature of organizing critical documentation for tax filing cannot be overstated. While the list of tax-related documents required for your particular situation which differ, in the following sections, we will address two critical documents – Form 16 and Form 26AS – that can assist a salaried employee in filing his…
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