Spotted an error in your ITR for FY 2023-24? 📊 File a revised return before Dec 31, 2025! 💼 Fix income omissions, deduction errors & personal details. ⏰ Stay compliant & avoid penalties.
✅ Read more: https://www.setindiabiz.com/blog/income-tax-file-revised-i-t-return-by-year-end
Year-End Donations? 2025 Rule Changes Mean You Might Want to Wait 💡
New tax rules could shift the best time to give:
• Some filers may benefit from donating more in 2025.
• Others might save money by delaying gifts until January 2026.
👉 Read more: https://bluewaterhealthyliving.com/news/local-news/michigan/why-you-want-to-rethink-charitable-giving-in-2025-to-take-advantage-of-tax-changes-ahead/
#Michigan #Finance #TaxTips #GivingSeason #GBSMedia #BWHL
Spotted an error in your ITR? 😟 No worries! You can file an updated return up to 48 months later. 📝 For AY 2025-26, that's until March 2030! 💼 Learn when you can & can't file updated returns. ✨
Read more: https://www.setindiabiz.com/blog/made-a-mistake-in-your-itr-know-how-to-correct-it
#IncomeTax #ITRCorrection #TaxTips #Setindiabiz #FinanceKnowledge
Thinking of renting out part of your home or running a business from it?
Before you do, make sure you understand how it could affect your Capital Gains Tax (CGT) when you sell.
Key tip: ATO uses the interest deductibility test to decide how much of your property is taxable. Keep good records, get a property valuation when you start earning income, and seek professional advice. Smart tax planning today = fewer surprises tomorrow.