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India's economy is based mostly on agriculture, and the country’s agricultural land plays a key role in its growth. The industry employs...

A balance sheet is defined as a type of financial statement that determines the assets and liabilities of a business as of a specific...

The government is very worried about tax evasion, and one of the many strategies used to monitor citizen incomes is keeping a book of...

An income tax notice from the Tax Department denotes the need for more information, revisions, or clarification regarding your tax...

It's not uncommon to make mistakes when filing your income tax returns (ITRs) . The income tax department issues notices in these...

Understanding how income tax allowances and deductions for salaried employees work can make a significant difference in tax planning....

An income tax assessee is a taxpayer who pays any amount of money or taxes under the Income Tax Act of 1961. Moreover, everyone who must...

Many people and companies earn money from several nations. Their income might then be subject to taxation in both countries. Most...

The Employees' Provident Funds and Miscellaneous Provisions Act of 1952 established the Employees Provident Fund (EPF) program. The...

According to the Income Tax Act of 1961 , some forms of income are not taxed in India. The IT Department is not allowed to deduct taxes...