Mistakes to avoid while filing an Income Tax Return (ITR’s)
Mistakes to avoid while filing an income tax return Filing income tax returns can be stressful. In the midst of it all, managing work along with filing returns can lead you to miss out on a few details and wrong details happen to get filed. The situation, even though not ideal, is natural to […]
4 Essential Deductions Under Section 80 of the Income Tax Act That You Must Know
The Government of India has given its citizens the benefit of reducing their income tax. This is by claiming Income Tax deductions for certain expenses and investments. Income tax is levied on individuals based on the income tax slab for the financial year. Taxpayers must keep a tab on the IT slabs rolled out every […]
10 Efficient Ways To Save On Tax For 2023-2024
Good Tax planning will help you enjoy the results of your following Income Tax returns. While the 2022 tax season is complete, there is no time to take a relaxed position. The best way to save on taxes is to acknowledge the list of significant returns. There are multiple tax-saving investments available that demand your […]
How does having a VCFO improve (add value to) your business?
John C. Maxwell once said, “A leader is one who knows the way, goes the way, and shows the way”. What a leader is for a team, the CFO is for an organization. The CFO is the head of financial operations and is in charge of all the financial activities. Being in charge of the […]
Key Income Tax Changes effective from FY 2021
Every company following the financial year for its operations needs to be constantly updated with the latest income tax changes applicable for the said financial year and adhere to the new provisions. The Finance Act, 2021 was introduced on 28th March 2021 with amendments and provisions to the Income Tax Act of 1961 based on […]