Soni Brothers, Tax Consultants

23/07/2024

Key Highlights of Union Budget 2024-2025

The Union Minister of Finance and Corporate Affairs Smt Nirmala Sitharaman presented the Union Budget 2024 25 in Parliament today The highlights of the budget a

22/07/2024

How to Maximize Deductions: A Comprehensive Look at Section 80C and Beyond

This article provides a comprehensive overview of Section 80C and explores additional avenues for maximizing deductions, helping you optimize your tax strategy.

21/06/2024

17/02/2024

How selling equities before March 31 can help you save income tax

Save long term capital gains tax: Individuals can save income tax by booking profits up to a certain limit on equity shares and equity oriented mutual funds held for more than 12 months. This method is called 'tax harvesting' and it is fully legal in India. Here's how to use this method to reduce yo...

15/02/2024

Income Tax department issues notices to taxpayers for donations to unrecognized political parties

The Income Tax Department has issued notices to taxpayers who made donations to political parties registered but not recognized by the Election Commission, for fiscal years 2021 and 2022. The notices under Section 80GGC of the Income Tax Act aim to investigate whether such donations were used for ta...

01/12/2023

Income tax benefit of taking car lease policy provided by employer

Car lease policyWhen an employer talks about your salary, they mean your basic starting salary. Various components are then added to this number to create your

20/06/2023

08/05/2023

Changes in the New Tax Regime: Everything you need to know

A new tax regime has been introduced through the Union Budget 2020. In this tax regime, the income tax rates are lower and if a person opts for this regime, he will have to lose most of the benefits.