Pitchers Global Consulting’s Post

𝗛𝗶𝗴𝗵-𝗜𝗻𝗰𝗼𝗺𝗲 𝗧𝗮𝘅 𝗙𝗶𝗹𝗲𝗿𝘀 𝗦𝘂𝗿𝗴𝗲 𝗙𝗶𝘃𝗲-𝗙𝗼𝗹𝗱 𝗨𝗻𝗱𝗲𝗿 𝗠𝗼𝗱𝗶 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁, 𝗠𝗶𝗱𝗱𝗹𝗲-𝗖𝗹𝗮𝘀𝘀 𝗕𝘂𝗿𝗱𝗲𝗻 𝗘𝗮𝘀𝗲𝘀 In India, individuals earning over ₹50 lakh have surged to 9.39 lakh in 2023-24—a five-fold increase since 2013-14—while their tax liability rose from ₹2.52 lakh crore in 2014 to ₹9.62 lakh crore in 2024. This shift has reduced tax pressure on middle-class earners below ₹20 lakh, with new exemptions benefiting incomes up to ₹7 lakh. Additionally, ITR filings doubled to 7.97 crore, reflecting strengthened tax compliance measures. #India #Taxation #MiddleClass #ModiGovernment #IncomeTax Source:- https://lnkd.in/gpeCAqim

While doing Income Tax compliance in India we should understand the nature of income and source of income clearly. These income heads — whether it's salary, business income, property income, capital gains, or other sources — determine how your income is taxed and what deductions or exemptions you can claim. By strategically planning around these categories, you can ensure your tax liability is minimized. Don’t let tax season overwhelm you—by leveraging the income heads and available tax provisions, you can stay compliant while optimizing your returns and securing a stronger financial future. #indiatax #ustax #europevat #indiaincometax #indiagst #incometax #gst #salesandusetax #vat #internationaltaxation #ITRDeadline #fileontime #gstfiling Jitendra (Jeet) Chandwani Khushbu Malviya Poonam Jagtap Muskaan Ramchandani

Planning to become an NRI? 🌍 Here’s what you need to know about filing your taxes in India before you leave. Stay informed! 💼📊 #NRITaxation #IndiaTaxes #CAFIRST #CAVijayGuptaFaridabadCAFIRST #TaxPlanning #NRILife #FinanceTips

Income Tax compliance in India demands a thorough understanding of different income heads and their implications on taxation. This knowledge is crucial as it not only defines your tax obligations but also highlights potential deductions and exemptions you may utilize to reduce tax liabilities. By accurately categorizing your income into appropriate heads — be it salary, business earnings, property income, capital gains, or other sources, you can effectively leverage tax provisions to your benefits. This strategic approach helps in staying compliant with tax regulations. Embrace this structured approach to transform tax season from a period of stress to timely managing exemptions, investments, tax saver options. At LnS Infusion we help individuals with all education needed wrt taxation, filing and documentation. #indiatax #ustax #europevat #indiaincometax #indiagst #incometax #gst #salesandusetax #vat #internationaltaxation #ITRDeadline #fileontime #gstfiling Jitendra (Jeet) Chandwani Khushbu Malviya Poonam Jagtap Muskaan Ramchandani

Are you receiving gifts from India ? There may be some tax implications on gifts received from non relatives. Follow us to find out more information on this. Our articles are specifically designed to educate the NRI community and others on tax and FEMA aspects relating to NRIs and their investments in India. Follow us for more insights. #nritaxtech #nri #nritaxation #tax #taxprofessional #rbi #fema #dailytaxupdates #taxupdate #nriupdate #watsapp #watsappchannel

Are you receiving gifts from India ? There may be some tax implications on gifts received from non relatives. Follow us to find out more information on this. Our articles are specifically designed to educate the NRI community and others on tax and FEMA aspects relating to NRIs and their investments in India. Follow us for more insights. #nritaxtech #nri #nritaxation #tax #taxprofessional #rbi #fema #dailytaxupdates #taxupdate #nriupdate #nridailyupdates #linkedin

This was an interesting session where I indulged in some crystal ball gazing about how trade and industry should prepare for the GSTAT. More than anything else, getting the proper team in place to prepare and file the appeal in time is the key, I feel. The number of appeals likely to be filed in the first 3 months are more than 100,000! Lawyers and CAs will be under a lot of pressure, so its best to start early. Other issues like limitation, jurisdiction, pre-deposit, paperless filing are also relevant, but a good team is the key!

Reminder: Due dates for the GST Returns in the Month of November 2024 #hsag #hsagindia #todaytomorrow #gst #business #gstupdates #taxseason #financetips #financialyear #taxdeductions #gstannualreturn #duedates

It is observed that many people thinks about growing the money and increasing the income. And there are ample opportunities to lower your taxable income. However, it is essential to be familiar with the relevant sections of the Income Tax Act to take advantage of these benefits. The Indian income tax regulations offer numerous opportunities to decrease your taxable income. A significant reason many people fail to maximise their tax benefits in India is due to a lack of awareness. At LnS Infusion Infusion, we empower the knowledge of different tax saving heads which efficiently are useful for lower TDS, managing compliance and tax filings. #indiatax #ustax #europevat #indiaincometax #indiagst #incometax #gst #salesandusetax #vat #internationaltaxation #ITRDeadline #fileontime #gstfiling Jitendra (Jeet) Chandwani Khushbu Malviya Poonam Jagtap Muskaan Ramchandani

Reminder: Due dates for the GST Returns in the Month of September 2024 #hsag #hsagindia #todaytomorrow #gst #business #gstupdates #taxseason #financetips #taxdeductions #duedates