Form 26AS is the statement which provide the details of tax deducted (TDS) and tax collected (TCS), advance tax and self-assessment tax paid also contain…
Continue Reading....
Category: Income Tax
Business Loss? – Audit u/s 44AD or 44ADA Applicable or Not?
Many of us were in the belief that those assessees having loss from business and having turnover less than Rs. 2 crore are required to…
Continue Reading....Section 80GG Deduction on Rent paid
Deductions is respect of rents paid : Under Section 80GG, an Individual can claim deduction for the rent paid even if he don’t get HRA.…
Continue Reading....FAQs on E-Filing of TDS Returns
Entities (both corporate and non-corporate deductors) making payments (specified under Income Tax Act) to third parties (deductees) are required to deduct tax at source (Tax…
Continue Reading....House Rent Allowance (HRA) Taxability & calculation
Calculate your House Rent Allowance (HRA) exemption know HRA exemption Calculation Formula and download HRA Calculator in excel format for easy calculation of exempt HRA Allowance out…
Continue Reading....
