Hello,
Your IT returns purely based on your income. If you are a salaried
person & your income exceeds 5 lakhs, then you have to carry out this
process of filing. Then you want to think which regime you have to
step in.
Before that you want to know there are 2 types of regimes available
for filing income tax.
1. old regime:- It comprises of exemption & deductions. It seems to be
little bit complex.
New regime:- it is straight forward. It never comprises of exemption
or deductions.
For further more clarification you can keep in touch with me.
Regards.
Saravanan.k
+91 9916512402
On 2/28/24, Yamuna Jivana Dasa wrote:
> Hi,
>
> Pranav wrote:
>
>
>
>> Many individuals however elect to file their returns themselves since they
>> have one source of income primarily salaries. >
>
>
>
> Understood. But if we have less experience as to what to file for in terms
> of rebates, reductions and exemptions, then we lose out on those anyway, not
> so? So unless we have enough experience I’m thinking this may also be why
> someone may not want to file themselves for the first time, until they have
> learnt all of the variables for claiming of returns.
>
> Personally I’m quite afraid of the process, until I actually do it I guess.
>
>
>
> Yamuna Jivana dasa
>
>
>
> From: accessindia@accessindia.org.in [mailto:accessindia@accessindia.org.in]
> On Behalf Of Pranav Lal
> Sent: Wednesday, February 28, 2024 6:47 AM
> To: accessindia@accessindia.org.in
> Subject: RE: [AI] Looking for tax info in an easy-to-understand, accessible
> format (please ignore my previous mail and read this one)
>
>
>
> Hi,
>
> ourselves, over-and-above the obvious fact of the professional perhaps
> knowing the process more than we might before learning about such processes
> to maximize our tax returns.
>
> PL] This depends on your source of income. If you are a business, you do
> not want to be spending time on returns filing. Many individuals however
> elect to file their returns themselves since they have one source of income
> primarily salaries.
>
>
>
> Pranav
>
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--
---
Regards
Saravanan.K
+919916512402
--
Disclaimer:
1. Contents of the mails, factual, or otherwise, reflect the thinking of the
person sending the mail and AI in no way relates itself to its veracity;
2. AI cannot be held liable for any commission/omission based on the mails sent
through this mailing list..
Search for old postings at:
http://www.mail-archive.com/accessindia@accessindia.org.in/
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