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Income tax updates for FY 2023-24 (AY 2024-25)

Income tax updates for FY 2023-24 (AY 2024-25)

Important Highlights of Budget 2023 regarding Direct Tax, Indirect Tax and other proposals(FY 2023-24)

ON 1st February 2023, Finance Minister of India presented Union budget 2023 . The Finance bill is the part of union budget which includes various tax proposal for next FY i.e. 1st April 2023 to 31st March 2024. The Finance bill is a weapon under Fiscal policy to control economic conditions in the country. For …

Important Highlights of Budget 2023 regarding Direct Tax, Indirect Tax and other proposals(FY 2023-24) Read More »

What to Choose: Old Slab Rate OR New Tax Regime as updated by Finance Budget 2023

In Budget 2023, some amendments are proposed for the new tax regime which was introduced in budget 2020 as an optional reduced slab rate u/s 115BAC. The option of the reduced slab rate was available only to Individuals & HUF. But to opt for this option of reduced slab rate, assesses have to forgo some …

What to Choose: Old Slab Rate OR New Tax Regime as updated by Finance Budget 2023 Read More »

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