Income Tax

Table of Content SECTION 80D SECTION 80DD: SECTION 80U: SECTION DDB: SECTION 80D This section is based on tax deduction […]

Table of Content About HRA Condition for the exemption: Benefit of HRA Frequently asked questions About HRA House Rent Allowance

Finance Minister Nirmala Sitaraman has recently introduced a new facility in Budget 2020 in which individuals can get instant Permanent

The Budget 2020 as introduced by Finance Minister Nirmala Sitharaman brought a new income tax regime for individual taxpayers. The

Table of Content Meaning of Investment property Properties covered under Ind AS-40 Recognition of Property Subsequent recognition Transfer of property

Table of Content Meaning of Inventories Methods for measurement of cost of inventory Future payment Reversal of valuation loss Meaning

Table of Content What is reverse charge? Applicability of reverse charge List of Services taxable under reverse charge List of

Table of Content Eligibility Who cannot opt for the composition scheme Conditions and restrictions for composition levy (Rule 5) Registration

Nirmala Sitharaman, Finance Minister in her press conference on Atmnirbhar Bharat announced various direct tax-related measures and other measures in

Table of Content What is Income Tax Refund? Eligibility for Income Tax Refund How to get Income Tax Refund in

Table of Content What does set-off of loss means? Intra-head Set Off Exception of Intra-head set-off Inter-head Set-Off Exception of

Table of Content What is Clubbing of Income Circumstances of clubbing Income of Minor Child {Section 64(1A)} Income of Son’s