File Your Income Tax Return Before 31st July 2024.
What is Standard Deduction for Salaried Individuals?
What is the meaning of Standard Deduction under the Income Tax Act? Standard deduction is a fixed deduction of 50,000 […]
April 2021
TDS on Rent of Property under Section 194 IB of Income Tax Act
Introduction Section 194IB is introduced under Finance Act 2017, which states that TDS will be deducted, if rent payment exceeds Rs
Conversion of OPC into private or public/ Conversion of private into OPC
The process of converting OPC into private or public/ Conversion of private into OPC has been simplified. This can be
Concept of “deemed owner” under the income tax act, 1961
Concept of deemed owner Under section 27 of the Income Tax Act,1961 In Case an individual transfers any house property
Deduction on investments – section 80c
Section 80C is one of the most popular sections amongst taxpayers as it allows to reduce taxable income by making
House rent allowance- a tax planning tool for a salaried person
Introduction Employee who receive salary from employer and who resides in rented houses, can claim the House Rent Allowance to