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Old and New Tax regime
  • December 04, 2024

Old and New Tax regime

The tax slabs and rates are different in old and new tax regimes. Various deductions and exemptions are allowed in Old tax regime.

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For people holding more than one pan, how will you identify and weed out the extra PAN
  • December 02, 2024

For people holding more than one pan, how will you identify and weed out the extra PAN

As per the provisions of Income-tax Act, 1961, no person can hold more than one PAN

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What does the “Unified Portal” mean
  • December 02, 2024

What does the “Unified Portal” mean

The Unified Portal is an online platform that simplifies and streamlines all aspects

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Whether Common Business identifier will replace the existing unique taxpayer identification number i.e. PAN
  • December 02, 2024

Whether Common Business identifier will replace the existing unique taxpayer identification number i.e. PAN

Under the new project, the existing system will be upgraded

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What is - the "Common Business identifier for all business-related activities in specified sectors"
  • December 02, 2024

What is - the "Common Business identifier for all business-related activities in specified sectors"

CCEA approves Rs 1,435 crore PAN 2.0 project as common business identifier.

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