Analysis of the Income Tax Exemptions available to certain Educational Institutions under Section 10(23C) of the Income Tax Act, 1961, and comparison of the same with exemption available under Section 11. Background: Section…
ITNS 281 is the challan for payment of Tax Deducted at Source (TDS)/ Tax Collected at Source (TCS). These forms can be downloaded to your computer and filled for payment…
Partnership firms in India can be divided into two categories namely, registered partnership or unregistered partnership. Registered partnership firms are those firms having a registration certificate from the Registrar of…
Have you ever heard of living your 3 years using the "D-O-P approach"? Probably not, because it is not a textbook strategy, but one that we have excluded from our…
What is Standard Deduction for Salaried Individuals? The Finance Minister Arun Jaitley introduced Standard Deduction of Rs. 40,000 in Budget 2018, giving the salaried class something to rejoice about. It…
Section 87A of the Income Tax Act provides income rebates for those whose income falls under the 10% (Now 5%) tax slab. This is only available for individuals and not…
interim Finance Minister Piyush Goyal in his budget speech has proposed a full rebate for individual income taxpayers with annual taxable income up to Rs 5 lakh. In addition to…