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Income Tax Notice Response

2 min read

January 25, 2025 by Team Instabizfilings

Formal communications known as Income Tax Notices originate from the Income Tax Department (ITD) to address discrepancies, non-compliance and needing further explanation of tax filing documentation. The level of severity in tax notices depends on which particular problem exists.

Income Tax Act

2 min read

January 22, 2025 by Team Instabizfilings

In many jurisdictions the law that governs the imposition, collection and enforcement of income tax is the Income Tax Act. It is a statement of law which describes the income subject to tax, taxes on income rates, as well as allowable deductions and exclusions. The Act is the veh

E-Filing of Income Tax Return

2 min read

January 16, 2025 by Team Instabizfilings

Filing income tax returns through electronic means is now proving to be quite easy for the direct taxpayers and helps in filing their returns with the Income Tax Department of India. Many people and companies use the electronic return of its income tax systems that help them to f

Income Tax Department

3 min read

December 21, 2024 by Team Instabizfilings

Coming specifically to India it is worth mentioning that this nation has its government agency known as the Income Tax Department of India, which specialises in the management and administration of collection, assessment, and compliance of income tax. The department is also very

Income Tax Login

2 min read

December 20, 2024 by Team Instabizfilings

The department of Income Tax of India offers revenue to the people, Companies and organizations and other related services of income tax returns, assessed tax amounts and other such facilities. Today, the Income Tax e-filing login is the primary access point to all these online s

6 Ways to Save Income Tax On New & Old Tax Regime for FY 2023-24

3 min read

July 31, 2024 by Team Instabizfilings

As the well-known adage goes, "A penny saved is a penny earned." Effective tax planning is a strategic approach to reducing your tax liability and boosting your income. The Income Tax Act offers a range of deductions for various investments, savings, and expenses incurred by taxp

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