Tax filing falls 1% in FY19,indicating overall slowdown:Report

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The number of people filing income tax returns has declined using a complete 1 percent in 2019, notwithstanding the multiplied authorities' focus to expand...

Money laundering in apparel of donations; govt denies tax gain to Bioved research society...

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The Central Board of Direct Taxes (CBDT) has denied the benefit of deductions to donors to an Uttar Pradesh-primarily based clinical studies society, Beloved,...

Tax alleviation for startups powerful from 19 February: Income tax department

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The Centre had announced exemption for startups from taxation of percentage premium more than fair marketplace fee difficulty to riders. The remedy is anticipated...

Ontario Tax Credit Tips for Homeowners in Canada

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The government of Ontario has announced several tax credit schemes for homeowners in the province. These include cash back on energy costs and tax...

The student loan tax deduction explained, a step by step guide

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If you are in the USA, you may be interested to know that there is a student loan tax deduction. This allows anyone with...

That scholarship can be problem to income tax

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If your toddler is deciding between colleges based entirely on an economic aid bundle, make sure to weigh the taxes that can accompany the...

Taxable Income – How Much Money Should You Earn?

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You have to earn enough money to pay taxes. Taxable income is calculated based on two basic types of payment: Salary and Profits. It's...

Income tax return filing for AY 2019-20: Key modifications in ITR bureaucracy and new...

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Recently, the Indian government has notified new tax go-back paperwork for FY2018-19 (assessment yr 2019-20) applicable for people, corporates, and different classes of taxpayers....

Income tax slab for senior citizens AY 2019-20: Find out the tax slabs, tax...

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Income tax slab for senior citizens AY 2019-20: Find out the tax slabs, and tax rates. The income tax slabs for senior residents are...

How to get an income tax e-refund

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Only e-refunds now The Income Tax Department problems refund only as an e-refund to the assessee. Issuing refunds using cheques has been discontinued. To acquire...