Tax Query: Tax Implications On Selling Joint Shares And Dividing The Profit thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Considering the current cost of living and inflation, the threshold of Rs 50,000 is a meagre amount for individual taxpayers and therefore, it is expected to be raised to a minimum of Rs 1 lakh in the election interim budget
Sudhakar Sethuraman, Partner, Deloitte India says that while this year’s Interim Budget might not have much for the individual taxpayers in terms of reduced income-tax rates, the procedures and compliance could be eased.
Filing Income Tax Return (ITR) on your own may seem complex, especially if you are doing it for the first time. However, the recent revisions on the e-filing website have made it easy for anyone to file ITR without the help of any tax professional. -- aaa