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Explore Registrationkraft’s Taxation blog posts to learn about Income Tax, HUF, ITR filing and more.
When we talk about salaries and income tax in India, the term “allowance” comes up quite often. For a salaried employee, understanding what allowances are and how they are taxed can make a significant difference when it comes to tax planning and filing returns. Let’s break it down in a simple and relatable way. What […]
In today’s interconnected world, many individuals and businesses operate across borders. They engage in international trade, investments, employment, and other financial activities. While these opportunities are significant, they also introduce the challenge of managing international taxation. For Indian residents, the Tax Residency Certificate (TRC) is crucial. It helps individuals and businesses avoid double taxation risks […]
AATO in GST stands for Annual Aggregate Turnover. It is a crucial parameter for determining the taxpayer’s eligibility for GST registration, tax rates, compliance requirements, and various threshold limits established under the GST system. If you’re curious to learn about what is annual aggregate turnover (AATO) in GST and how to calculate it, we recommend […]
Many of us often look for ways through which we can save tax. One of the most popular ways to save tax in India is by acquiring an NSC certificate. The NSC is short for National Saving Certificate. It is a government-backed scheme open to residents of India. In this blog post, we will discover […]
When it comes to managing your finances, income tax plays a central role in shaping your financial planning. If you’re a taxpayer, you’ve probably thought about how to balance your income, investments, and savings. Ever wondered how life insurance policies, term plans, or other tax-saving investments could ease your tax burden? These decisions not only […]
It is almost impossible to avoid taxes these days. Most of us pay taxes directly or indirectly. If you are an NRI with investments in India, any income generated from your investments is subject to taxation. You might also be earning income in the country you’re living and working in. This means that you can […]
In the recently launched budget for the year 2024-25, the central government of India has proposed to bring down the long term capital gains tax from 20% to 12.5%. However, this would accompany indexation benefits. The fresh tax rates are slated to become effective from July 23, 2024. For those who bought their homes before […]
If your refund has failed, you can submit “Refund Reissue Request” on the Income Tax Department’s e-filing portal as applicable. To raise your Refund Reissue Request, follow this step-by-step guide as prescribed by the Income Tax Department: Step 1: Login into the e-filing portal, then go to the services menu and then select the refund […]
In the successful economy of any country, the role of taxes is quite crucial. Whether you are a salaried individual or a businessman, you are governed by the applicable tax laws set by the government. The government does not only update these regulations from time to time, but it also makes provisions to help taxpayers […]
Hindu Undivided Family (HUF) is considered as a separate legal entity. Due to this, forming a HUF can be an effective tax-saving mechanism for your family. A HUF has its own PAN and files ITR separately from its members. Not only Hindu families, but also Jains, Sikhs and Buddhists can form HUFs. In this article, […]