Category: Income Tax Exemption from Bank Savings Interest U/s 80TTA

Benefits of Section 80D with Automatic Income Tax Preparation Software All in One in Excel for the West Bengal Govt Employees for the F.Y. 2025-26 as per Budget 2025

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Section 80D

Are you a West Bengal Government employee confused about your medical insurance deductions while filing taxes? You’re not alone! Section 80D of the Income Tax Act offers significant relief on medical insurance premiums, but many employees miss out due to calculation errors or a lack of clarity. Here’s where the Automatic Income Tax Preparation Software in Excel comes to your rescue—like a tax-savvy friend who does all the number crunching for you. In this article, we’ll explore how you can maximise the benefits of Section 80D with the help of…

Dedication U/s 80CCD(1B) with Automatic Income Tax Preparation Software with Form 10E All in One in Excel for the Govt and Non-Govt Employees for the F.Y. 2025-26

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Section 80ccd(1b)

Introduction Let’s face it—filing income tax can feel like navigating a maze, especially when you’re trying to maximise deductions like those under Income Tax Section 80CCD(1B). But what if there was an easy way to handle it—an all-in-one solution in Excel that not only helps you calculate everything but also auto-generates Form 10E? Whether you’re a government employee or part of the private sector, this guide is for you. In this article, we’ll break down the benefits of Section 80CCD(1B), how to use Automatic Income Tax Preparation Software in Excel,…

Automatic Income Tax Preparation Excel-Based Software All in One for Non-Government Employees for the Financial Year 2025-26

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Old Vs New Tax Regime

Navigating the complexities of income tax filing can be daunting, especially for non-government employees. The advent of automatic Excel-based income tax preparation software has revolutionised this process, offering a streamlined, accurate, and user-friendly solution tailored for the Financial Year (FY) 2025-26.​itaxxsoftware.com+2apnataxplan.in+2networktax.in+2 Understanding the Need for Automation in Tax Preparation Manual tax calculations are prone to errors and can be time-consuming. With frequent changes in tax laws and the introduction of new tax regimes, staying updated is challenging. Automatic Excel-based software addresses these issues by providing real-time updates and automated computations,…

Download Auto Calculate Income Tax Preparation Software All in One in Excel for Govt and Non-Govt Employees for F.Y 2024-25 with Form 10E as per New Tax Slab as per Budget 2024 (July 24)

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Form 10E

Introduction The financial year 2024-25 brings with it a host of changes in the Indian income tax structure, especially after the recent Budget 2024 (July 24) announcement. Taxpayers, both government and non-government employees, are expected to navigate these new provisions to accurately file their income tax returns. To ease this process, the Auto Calculate Income Tax Preparation Software in Excel has been developed. This all-in-one tool is designed to help individuals accurately compute their income tax, including adjustments as per Form 10E, based on the new tax slabs introduced in…

GST Applicable on Increased Rent for Past Periods

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The petitioner Metropolitan Transport Corporation Limited is a Government of Tamil Nadu operating the business of providing passenger transportation services. As per the Goods and Services Tax Laws, this primary business activity of the petitioner falls under the exempted category. The petitioner furnished a copy of the challan on 12-02-2024 proofing the payment of application fees of Rs.5,000/- each under sub-rule (1) of Rule 104 of CGST Rules 2017 and SGST Rules 2017. The online application form for advance ruling on 12-02-2024 was physically received on 22-02-2024 as mandated under…

Watch: Russian chess player poisons opponent by spilling mercury on board, pieces, suspended | Trending News

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In a chilling incident, Russian chess star Amina Abakarova was suspended after she poisoned her childhood rival Umayganat Osmanova by spilling deadly mercury over her pieces at a tournament. Abakarova has been arrested, and could be slapped with at least three years of imprisonment if found guilty, The Post reported. In the viral CCTV footage, the chess player was seen entering the event venue in Makhachkala, southern Russia. As the video progresses, she prepares for the crime. She looks around and approaches her opponent’s table, takes something out from her…

When Insolvency Resolution Process is Undergoing Then GST Order Can’t Be Issued U/S 73

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Order Section 73 of the Goods and Service Tax Act, 2017 cannot be passed to a company under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, the Allahabad High Court ruled. Section 73 of the Goods and Service Tax Act, 2017 designates a proper officer to start proceedings if he is pleased that any tax has not been paid or short paid or erroneously refunded, or where input tax credit has been erroneously taken or used for any reason, other than the reason of fraud…

Why Vinesh failed weigh-in | Explained News

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Wrestler Vinesh Phogat was disqualified from the Paris Olympics after the official weigh-in on Wednesday morning, ahead of her scheduled gold medal bout in the evening. She will return from Paris without a medal. While she had cleared the weigh-in on Tuesday, Vinesh was found to be “a few grams over 50 kg” in Wednesday morning’s weigh-in. The Indian Express first reported that she was learnt to be 2 kilos overweight on Tuesday night — weight that she tried her best to cut overnight but could not. What is a…

GST Dept. Issues Tax Notices to 20 Insurance Companies in SEZs

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GST council furnished the notices before 20 general insurance companies with the functionality in Special Economic Zones (SEZs), asking for Rs 2000 crore in unpaid dues pertinent to the services furnished before the employees of industrial units within these zones and their families. The companies that have received show-cause notices from the Directorate of GST Intelligence (DGGI) include HDFC Ergo General Insurance Co, Star Health & Allied Insurance, Cholamandalam MS General Insurance Co, New India Assurance Co, and United India Insurance Co. The notices reference Integrated GST (IGST) issues, with…

‘Heartbroken that I cannot see and hug my mother’: Sheikh Hasina’s daughter Saima Wazed | World News

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World Health Organization South-East Asia Regional Director Saima Wazed Thursday expressed her despair at not being able to meet her mother, former Bangladesh prime minister Sheikh Hasina, in a post on X. Hasina remains in India after she was forced to flee her country in the wake of violent protests. Hasina arrived in India on Monday evening, and was taken to a safe house. While she was supposed to head to London, her travel plans to the UK hit “roadblocks”, and New Delhi affirmed that they were willing to host…