Taxation - Angel One - Page 48

What to do if you missed your tax filing deadline… Filing tax returns is every Indian citizen’s duty as long as they fall within the taxable income limits. Any individual assessee with an annual income of Rs.500,000 is obliged to file his/her returns. Normally, the last date for filing returns is the last working day …

From a policymaker’s perspective, there were a fair amount of negative expectations built around the Union Budget. More so, from a capital market perspective! Interestingly, the budget refrained from most of these negative expectations which was well received by the market. Normally, budgets are not just evaluated in isolation but with reference to the expectations …

Direct taxation is normally one of the key areas to be watched in any budget. Broadly this budget is likely to focus on 2 key themes. Firstly, the focus of the Union Budget will be on mitigating the pain of the small and medium sized tax payers to compensate them for the difficulties they had …