How much the company or entity is compliant is reflected by its tax compliances such as timely filing of income tax returns. The taxpayer shall file a return for reporting...
MOREIncome Tax Return (ITR) is no less than a nightmare to taxpayers. After all, who likes to pay tax? Possibly, nobody. But if you don't file ITR in time, you...
MORETax audit is a mandatory inspection done by the practicing Chartered Accountant to ensure the details of the income provided by the taxpayer are accurate. As per Section 44AB of...
MOREForm 16 is issued under Section 203 of the Income Tax Act 1961 to salaried individuals by their employers. It is in the form of a document which contains the...
MOREThe central authorities of all countries follow a certain tax structure that helps the government to collect revenue. Therefore, every country has a unique Tax Slab Rate. Moreover, people, from...
MOREPartnership firm is not a separate legal entity from the person it constitutes of; however, for income tax purpose, it is considered as a separate legal entity. A partnership firm...
MOREThe process of tax saving usually includes showing your income as part of an investment which is taxed at a lower rate. Every taxpayer, when thinks about income tax saving...
MOREBefore we proceed with House rent allowance exemption rules, it is necessary to know what is HRA? HRA forms an integral component of a person's salary. It is paid by...
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