Category: Income Tax

We have been inclined to be financially intelligent and always seek a tangible return benefit if we spend money anywhere, even if it is for safety. However, there are few...

Several incentives have been announced by the Govt for startups and these benefits are being enhanced every year. All these incentives and all other relevant points regarding Income on Startups...

The Jurisdiction of the Assessing Officer i.e. his Income Tax Ward/ Income Tax Circle/ Income Tax Range No/AO Code is required to be stated while filing the Income Tax Return....

Many companies have now started hiring employees on contract basis. Such employees although work in the company premises and work as a normal employee but their legal status is not...

Times have been changing fast in every sector of life and economy, and healthcare is not an exception. The trends that we have seen somewhat sound like the following: There...

Budget 2017 and Budget 2019 have brought in certain amendments to the applicability of TDS on Rent and the rates at which TDS on Rent is to be deducted. Prior...

A tax deduction is an overall benefit that comes complimentary with health insurance plans and medical expenses. There is a separate category that deals with specific critical ailments that involve...

Cost Inflation Index (CII) is an Index which finds its utility in the income tax act at the time of computation of Long Term Capital Gains to be disclosed in...

Surcharge is levied on Income Tax and is levied if Income is more than Rs. 50 Lakhs in case of Individuals and Rs. 1 Crores in case of Companies. Different...