Income-Tax Returns 2024: Changes Unveiled in 2023 to Impact You This Year

In the Union Budget 2023, the government unveiled a set of new…

Banks Want GST Exemption on Penal Interest Levy for Loan Defaults

The Indian Banks’ Association (IBA) is seeking a GST exemption on behalf…

Tax rebate under Section 87A for assessment year 2019-20

Taxpayers often enquire about the rebates and deductions available for their tax…

Senior citizens with Rs 5 lakh income qualify for TDS exemption

As per the Central Board of Direct Taxes (CBDT) notification, senior citizens…

Difference between a tax rebate and tax exemption

As a responsible citizen of the country, you must pay your income…