Income Tax Benefits for Resident vs Non-Resident Taxpayers in India
India's tax system offers distinct benefits to resident taxpayers, including higher exemption limits, additional deductions, and rebates. In contrast, non-residents face higher tax rates and stricter TDS provisions. Understanding these differences is crucial for effective tax planning and compliance with Indian tax laws.
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How Can Taxpayers Check Their Income Tax Refund Status Online?
Taxpayers need to file their income tax returns (ITR) to claim any refund. Once the ITR is filed and verified, the Income Tax Department processes the refund.
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Budget 2024: Are you considering investing in real estate? Understand How Income Tax Changes Impact Your Property transactions
The Union Budget 2024 brought with it some significant changes in income tax laws, particularly impacting real estate transactions. If you're considering buying or selling a property, it's essential to understand how these changes will affect your finances.
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Budget 2024: Know how much income tax you will pay if you earn ₹5 lakh per annum
The Union Budget 2024 presented by Finance Minister Nirmala Sitharaman has brought about several changes to the income tax structure in India. One of the key highlights of this budget is the introduction of lower tax rates for individuals earning up to ₹5 lakh per annum. In this article, we will take a closer look at how these changes will impact your income tax liability if you fall within this income bracket.
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