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Taxation of Depreciation Under the Income Tax Act

Taxation of Depreciation Under the Income Tax Act

Posted on September 10, 2022 by Rebecca
Depreciation is allowed under the Income Tax Act. The Income Tax Act defines depreciation as a reduction in the value of any tangible or intangible...
Section 80DD: Who is eligible to claim a deduction?

Section 80DD: Who is eligible to claim a deduction?

Posted on September 1, 2022September 5, 2022 by Rebecca
A resident who is either an individual or a HUF is eligible to claim a deduction under section 80DD of the Income Tax Act if...
Step-by-Step Instructions for Filing an ITR

Step-by-Step Instructions for Filing an ITR

Posted on August 26, 2022 by Rebecca
You can begin the process by visiting www.incometax.gov.in The first step is to determine your income and taxes owed Below is a step-by-step guide on...
ITR Filing in India – A Complete Guide

ITR Filing in India – A Complete Guide

Posted on August 26, 2022 by Rebecca
An Income Tax Return is used by taxpayers to report their income, expenses, tax deductions, investments, and other financial obligations. Income tax can be filed...
In What Ways Does ITR Filing Help You Obtain Loans?

In What Ways Does ITR Filing Help You Obtain Loans?

Posted on August 26, 2022August 26, 2022 by Rebecca
Besides, of course, the obvious feelings of being a dutiful and responsible citizen of the country, it is imperative that individuals file Income Tax Returns...

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