The Government of India has provided certain exemptions on purchase or construction of house property which are inducted in the
As we are aware that income of Individuals/HUFs are taxable according to the progressive tax slabs. The maximum rate of
The Government has increased the deposit threshold limit to INR 5 lacs per annum in the provident fund for which
Under Income tax law the concept of Revised Return is dealt in section 139(5). Now the question is what is
Any service or business sector or manufacturing industry can claim additional deduction of 30% of salary paid to their additional
Who is responsible to deduct tax under section 194LBA? An individual who makes payment of income according to the section
The Income Tax Act- section 54 endows exemption for ‘Long Term Capital Gain’ arising on sale of residential property. Let’s
As a taxpayer, you might be claiming different expenses & exemptions to lesser your income tax liability, but do you
As we know that the union budget comes into effect recently, Union budget of 2021-22 highlights that senior citizen above
Deferred Tax Liability (DTL) and Deferred Tax Asset (DTA) forms an essential part of Financial Statements. This adjustment made at
