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What is ITR? A Comprehensive Guide to Income Tax Return

What is ITR? A Comprehensive Guide to Income Tax Return

by pucho-biz | Feb 26, 2023 | Business, Finance

If you are a taxpayer in India, you might have heard about Income Tax Return (ITR). But do you know what ITR is and why it is important? In this comprehensive guide, we will explain what ITR is, its types, how to file ITR, and everything you need to know about income...

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The Reserve Bank of India (RBI) on Friday announce The Reserve Bank of India (RBI) on Friday announced the withdrawal of Rs 2,000 currency notes from circulation. The existing notes in circulation could either be deposited in bank accounts or exchanged by September 30, the RBI said in a statement. The bank notes in Rs 2,000 denomination would continue to be a legal tender, the RBI statement said. Unlike the November 2016 shock demonetisation when old Rs 500 and Rs 1,000 notes were invalidated overnight, the Rs 2,000 notes will continue to be a legal tender till September 30. In a statement, the Reserve Bank of India (RBI) said it has asked banks to stop issuing Rs 2,000 notes with immediate effect. While the RBI did not specify a limit for depositing the Rs 2,000 currency notes in bank accounts, exchange of a maximum of Rs 20,000 (10 notes of Rs 2,000) for other currency notes will be allowed at a time. The move comes amid concerns of the highest denomination notes being used to hoard black money. The RBI had stopped printing Rs 2,000 notes in 2018-19 and the notes were rarely in circulation. Hashtag- #puchobusinessconsult #2000 #rupee #festival #HassleFree #news #newyork #GSTfiling #likesforlike #taxseason #taxfiling #news
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PUCHO BUSINESS CONSULT is a professional services firm providing effective and quality solutions in Audit & Assurance, Direct Taxation, Advisory services, Indirect Taxation, Corporate Affairs, Cataloging, Listing, Sponsored Ads, Online Promotions and many more. We offers a multi-services business, growth and strategic solutions for all sector companies. Pucho Toh Sahi !

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