Income Tax deduction for house rent
Huge amount of house rent are paid by many employees.Due to lack of knowledge about deduction people fail to take benefit of deductions available under Income Tax Act 1961. Deduction…
Huge amount of house rent are paid by many employees.Due to lack of knowledge about deduction people fail to take benefit of deductions available under Income Tax Act 1961. Deduction…
1. Introduction Short term capital gain on sale of equity shares arises when listed equity shares, equity-oriented mutual fund units, or business-trust units are sold within 12 months of…
TDS on Sale of Property under Section 194-IA – Meaning and Scope The term “TDS on sale of property” means tax that must be deducted at source by the buyer…
When tax is not deducted declaration may be to be filed on Traces website and thus no TDS return is required to file under section 200(3) of Income Tax Act…
People are usually worried about GST compliance. For running business GST compliant today we have provided GST compliance checklist for business to avoid any mistake in GST.We have tried to…
People are usually taking loans or deposits to run their business but should take care in acceptance or repayment of loan in cash.Hence many a times loans or deposits are…
Income Tax notices can be received due to number of reasons.In this article we will discuss common 7 Reasons for Income Tax notices.People as a responsible taxpayer always try to…
For facilitating smoothness in doing of business goverment has come up with new initiative of Udyam Registration in place of existing Udhyog aadhar MSME registration. This initiative is believed to…
Doctors are most busiest professional. They are believed to be top 10 earner in the economy.As doctors are busy so they don't get time for referring Income Tax provisions.Hence in…
Huge amount is incurred tuition fees expenses of the children by parents. Tax deduction is available under income tax for amount paid of tuition fees under Income Tax Act 1961…
1.Form 15CA and Form 15CB Compliance under Section 195 of the Income Tax Act In this article we have provided process for 15CA and 15CB compliance under Section 195 of…