House Rent Deduction in Income tax
House Rent Deduction in Income Tax
House Rent Deduction in Income taxHouse is one of the basic needs of any individual. Thus, the Government of India has made an allocation for deduction of rent paid by…
Mandatory compliance for Private Limited Company
Mandatory compliance for Private Limited Company In this article we have discussed about Mandatory compliance for Private Limited Company. Mandatory compliance for Private Limited CompanyThe compliances are according to “The Companies Act, 2013” Disclosure…
Taxation for NRI in India
Taxation for NRI in India In this article we have covered taxation for NRI in india which includes definitions of NRI, taxation rules for NRI, Income tax deductions for NRI.NRI…
Cash Deposit Limit in Savings Account as per Income Tax: A Comprehensive Guide
Cash Deposit Limit in Savings Account as per Income Tax: A Comprehensive Guide Cash Deposit Limit in Savings Account as per Income Tax: A Comprehensive Guide In this article we…
6 top benefits of filing ITR|Who is required to do compulsory filing of ITR?
In this article we will discuss about benefits of filing itr and Who is required to do compulsory filing of ITR? In following cases filing of ITR is mandatory.Thus in following case compulsory…
Faceless appeal scheme
In the union budget 2020 finance minister extended faceless assessment proceedings to the CIT appeals also. Hence this also led to amendments in section 250 of the income tax act…
5 Must know about charitable trust
5 Must know about charitable trust Section 11 and section 12 of Income Tax Act 1961 deal with taxation of charitable and religious trust. Today we have discussed few important…
Taxation of gifts under Income Tax Act 1961
Today we have explained taxation of gifts under Income Tax Act 1961 from relative. People are usually unaware of the taxation of the gifts which is most popular topic for…
Calculation of tax on agriculture income as per Income Tax Act 1961
We all know that under Income Tax Act 1961 agriculture income is exempt. Though if below two conditions are cumulatively satisfied then it is required to be included in computation…
Apply online for cancellation or surrender of extra/additional pan
Apply online for cancellation or surrender of extra/additional pan In this article we have provided method to apply online for cancellation or surrender of extra/additional pan.Any person may be alloted…
Internal audit as per Companies Act 2013
Below we have described requirement of the Internal audit as per Companies Act 2013. Extract of the rule 13 of Companies Act 2013 of section 138 is as follows: Internal…
Trust registration as per Income Tax Act 1961
Today we have discussed details of Trust registration as per Income Tax Act 1961.Section 12A of income tax act 1961 relates to Trust registration as per Income Tax Act 1961…
Applicability of CARO 2016
In this article we have discussed Applicability of CARO 2016. Companies Auditor's Report Order is applicable as per subsection of section 143 of companies act 2013.This statement is required to…
Interest and remuneration to partners as per Income Tax Act 1961
In this article we have discussed Interest and remuneration to partners as per Income Tax Act 1961.People are usually confused regarding income tax provision relating to payment of remuneration and…