There are two tax regime in Income tax i.e. old and new regime.
You can use our tax calculator tool to compute income tax liability under both regime.
Our expert says Old regime will be beneficial for you since you will not be having any tax liability under the same.
My gst number was in the state of "cancelled suo moto".I filed all my pending returns upto the date of cancellation.Effective cancellation date is 19.03.2021. in gst portal i can't file revocation of application. What should I do now to get active gst number
If an individual has received a compensation / reward / muafza from the goverment against the compulsory land acquisition to exapnd highway then where should we declare such amount in Income tax while filing the ITR ?
If i file my return u/s 44 ad for the past 3 years, turnover respectively Rs. 1.2 crore , 1 crore , 95 lakhs.Then i file my return in the 4 th year (turnover Rs.93 lakhs) under normal peovisions, with maintaing books of accounts. If am i eligible to file u/s 44 ad in the next year i.e 5 th year, assume that my turnover in the 5 th year is 98 lakhs???
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