GABAA

GABAA GABAA: Transforming Legal Horizons. Your Path to Success..

Common misconception about Income Tax Return (ITR)
03/07/2024

Common misconception about Income Tax Return (ITR)

Maidaan me utar kar, Sher banke garje hain hum, World Cup jeet kar, sabke dil jeete hain hum. Dushman ka chhoda dhyaan...
30/06/2024

Maidaan me utar kar, Sher banke garje hain hum,
World Cup jeet kar, sabke dil jeete hain hum.
Dushman ka chhoda dhyaan, apni jeet ka hai ab maza,
Sadiyon tak yaad rahegi, India ki yeh Vijay Gaatha!.

Unlock Tax Savings with HRA Deduction! Eligibility: Salaried individuals in rented homes can claim HRA if they receive H...
29/06/2024

Unlock Tax Savings with HRA Deduction!

Eligibility: Salaried individuals in rented homes can claim HRA if they receive House Rent Allowance.

Calculation: Exemption is the least of: actual HRA received, 50% of salary (metro) or 40% (non-metro), or rent paid minus 10% of salary.

Documents Needed: Provide rent receipts or a rental agreement and the landlord's PAN if annual rent exceeds ₹1 lakh.

Maximize your tax savings and make the most of your HRA!

Did you know? One of the most beneficial deductions you can claim while filing your Income Tax Return is under Section 8...
28/06/2024

Did you know? One of the most beneficial deductions you can claim while filing your Income Tax Return is under Section 80C of the Income Tax Act! 💸

Top Highlights of Section 80C Deductions:

Investments in ELSS: Enjoy tax benefits while growing your wealth.
Life Insurance Premiums: Secure your family’s future and save on taxes.
PPF Contributions: Benefit from long-term savings with tax-free returns.
Home Loan Principal Repayment: Own your dream home and get tax deductions.
Children’s Tuition Fees: Invest in your child's education and claim deductions.
Limit: You can claim up to ₹1.5 lakhs under Section 80C.

Don’t miss out on these incredible tax-saving opportunities! Make sure to utilize these deductions to their fullest when you file your ITR this year.

📊 Income Tax Department's Time-Series Data Release: Key HighlightsThe Income Tax Department has released a comprehensive...
26/06/2024

📊 Income Tax Department's Time-Series Data Release: Key Highlights

The Income Tax Department has released a comprehensive Time-Series data up to FY 2022-23, spotlighting essential statistics on Direct Taxes. Here's a glimpse into the remarkable growth and efficiency over the years:

👉 160.52% Growth in Net Direct Tax Collections, soaring from ₹6,38,596 crore in FY 2013-14 to an impressive ₹16,63,686 crore in FY 2022-23.

👉 173.31% Increase in Gross Direct Tax Collections, jumping from ₹7,21,604 crore in FY 2013-14 to a staggering ₹19,72,248 crore in FY 2022-23.

👉 Direct Tax to GDP Ratio climbed from 5.62% in FY 2013-14 to 6.11% in FY 2022-23, reflecting stronger fiscal health.

👉 Cost of Collection has been optimized, reducing from 0.57% of total collection in FY 2013-14 to 0.51% in FY 2022-23.

👉 104.91% Surge in the total number of ITRs filed, reaching 7.78 crore in FY 2022-23 compared to 3.80 crore in FY 2013-14.

These statistics underscore the significant strides in tax collection and compliance, driving India's economic growth and development. 📈✨

📊 Income Tax Department's Time-Series Data Release: Key HighlightsThe Income Tax Department has released a comprehensive...
26/06/2024

📊 Income Tax Department's Time-Series Data Release: Key Highlights

The Income Tax Department has released a comprehensive Time-Series data up to FY 2022-23, spotlighting essential statistics on Direct Taxes. Here's a glimpse into the remarkable growth and efficiency over the years:

👉 160.52% Growth in Net Direct Tax Collections, soaring from ₹6,38,596 crore in FY 2013-14 to an impressive ₹16,63,686 crore in FY 2022-23.

👉 173.31% Increase in Gross Direct Tax Collections, jumping from ₹7,21,604 crore in FY 2013-14 to a staggering ₹19,72,248 crore in FY 2022-23.

👉 Direct Tax to GDP Ratio climbed from 5.62% in FY 2013-14 to 6.11% in FY 2022-23, reflecting stronger fiscal health.

👉 Cost of Collection has been optimized, reducing from 0.57% of total collection in FY 2013-14 to 0.51% in FY 2022-23.

👉 104.91% Surge in the total number of ITRs filed, reaching 7.78 crore in FY 2022-23 compared to 3.80 crore in FY 2013-14.

These statistics underscore the significant strides in tax collection and compliance, driving India's economic growth and development. 📈✨

Avoiding these common mistakes can help ensure a smoother and more accurate ITR filing process, leading to timely proces...
25/06/2024

Avoiding these common mistakes can help ensure a smoother and more accurate ITR filing process, leading to timely processing and avoiding unnecessary complications with tax authorities.

Enjoy a hassle-free, efficient process with expert support and affordable pricing. Why struggle alone when GABAA ensures...
24/06/2024

Enjoy a hassle-free, efficient process with expert support and affordable pricing. Why struggle alone when GABAA ensures smooth sailing?.

Stay ahead of the game! 📅 Check out this must-know timeline for filing your Income Tax Return. Beat the rush and file ea...
23/06/2024

Stay ahead of the game! 📅 Check out this must-know timeline for filing your Income Tax Return. Beat the rush and file early!

Address

Jorhat
785001

Telephone

+919101145304

Website

Alerts

Be the first to know and let us send you an email when GABAA posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Practice

Send a message to GABAA:

Shortcuts

Share

Category