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ITR forms include an AY since the revenue for a certain FY is computed and taxed in the evaluation year, which is the following year. Thus, we now have a clear and understandable summary of Financial Year and Assessment Year, along with their definitions and other key points. Understanding the terms used in taxes is a good start because financial literacy is crucial in the modern world.
Setting Up A Business With 100% Export Oriented Units (EOUs) along with FDI Foreign investors must first assess their entry… Read More
Important Points for Taxation of Share Transaction & Disclosing F&O Income The income from these transactions should be reported under… Read More
Overview on International Financial Services Centre in GIFT City An International Financial Services Centre (IFSC) is a jurisdiction that caters… Read More
Why you should file ITR even if your income is less than INR 2.5 Lakhs ? While it may not… Read More
Form No. 67 filling for availing Foreign Tax Credit is a directory nature & not Compulsory. In Matter of Ms.… Read More
Guidance on ITR Reporting of Foreign Equity/Debt Investments When filing your Income Tax return in India, it is essential to… Read More