House Rent Allowance: Meaning, How to calculate and Rules for HRA Tax Exemption in India Introduction If you are a salaried individual, you can use the House Rent Allowance (HRA) to cover the costs of renting a home. Salaried people […]
Statutory Due Dates and Compliance Calendar for the Month of November 2022 Starting, owning or doing a business in India comes with important compliance that a business irrespective of its structure, has to adhere to during a financial year. Statutory […]
What is Professional Tax? And consequences of professional tax violations A professional tax is a charge applied to all professions, jobs, and trades based on the income generated by each. Everyone of these jurisdictions has the authority to impose a […]
Difference between Professional Tax and Income Tax: A complete guide Income tax is not the same as professional tax. While a professional tax is governed by the state government, the income tax is controlled by the federal government (Central Government). […]
Statutory Due Dates and Compliance Calendar for the month of October, 2022 As we all know, Every business irrespective of its size, structure and type, deals into many transactions and sales and purchases. For all business transactions, there are certain […]
A complete guide for Taxpayer on Difference between Section 80TTA and Section 80TTB of Income Tax Introduction Section 80TTA of the Income Tax Act is for HUFs, Individuals (but not Senior Citizens), and NRIs. However, Section 80TTB is only for seniors […]
What is Section 80TTA under Income Tax? Deduction Under Section 80TTA of the Income Tax Act. Many people have savings accounts but may not know that the interest earned is taxable as “Income from Other Sources.” Section 80TTA of the […]
All you need to know on Section 80-IAC: Tax Incentives for Startups The Government of India has added Section 80-IAC to the Income Tax Act to kick-start the growth of startups in India and give the newly founded businesses a […]
“What is ITR Form 4?”, Eligibility for Filing ITR Form 4, and ITR Form 4 Filing Process Introduction Individuals and Hindu Undivided Families (other than LLP) with income from their own business or profession must file their income tax returns […]
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