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20
Jul

Beware of Fake Deductions

Beware of Fake Deductions: Protect Yourself with Alliance Tax Experts!Filing your Income Tax Return (ITR) can be a complex and daunting task. Amidst the confusion and rush, some taxpayers might be tempted to claim deductions they aren't entitled to, just to reduce their tax liability. However, this approach can lead…

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10
Jul

8 Situations in Which You Have to File Income Tax Returns Even If Your Income is Less Than Rs 2.5 Lakhs for AY 2024-25

8 Situations in Which You Have to File Income Tax Returns Even If Your Income is Less Than Rs 2.5 Lakhs for AY 2024-251. Professional Income Exceeding Rs 10 Lakh   - If your professional income exceeds Rs 10 lakh, filing your ITR is mandatory regardless of other income.2. Sales Turnover…

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