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Income-Tax-e-Proceedings
Latest News

e-Proceedings is a digital platform, developed by the Income Tax department of India in 2017. The major objective of this platform was to bring efficiency and transparency in scrutinizing the Income Tax procedure. Read the article to know everything that you need to know about ‘e-Proceedings’. What is an ‘e-Proceeding’? It is an electronic platform created by the Income Tax department. The main purpose of this platform is to conduct proceedings from the beginning to the end, i.e, in an ‘end to end’ manner. Income tax proceedings have become moreSEE DETAILS

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What-is-Total-Income-and-How-to-Calculate-It
Income Tax for Starters (Basics)

Contents :- Why the calculation of Total Income (TI) important under the Income Tax Act? How Total Income is computed? Total Income (TI) or Gross Total Income (GTI) are the terms used interchangeably but differ in substance. Where Gross Total Income is calculated by summing up earnings received as per all five heads of income. Total income is arrived at after deducting from Gross Total Income deductions under Section 80C to 80U (namely, Chapter VI A deductions) under the Income Tax Act 1961. Which means GTI is a large componentSEE DETAILS

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