HRA(House Rent Allowance) can be claimed as a tax deduction as per Section 10(13A) of the Income Tax Act 1961. The HRA can be claimed as a deduction after meeting the eligibility criteria.
After the introduction of Section 185 and 186, transactions related to inter-company loans and guarantees become complicated to go ahead along with the compliance to such provisions.
Because of the outbreak of the COVID-19, there is a capital Crunch in business. Here are 11 possible ways of Refinancing your business. Learn the art of fundraising.
MSME definition has further been revised by the ministry. The investments and turnover limits have been increased for the medium enterprises to 50 crores and 250 crores.
Know all the recent updates that were notified in the month of May. This article provides the latest announcements for Finance and Tax Professionals.
Is GST payable on sale of units/flats to landowner for free?
MSME new definition was given by the FM while giving the details of the Economic Relief Package. MSME new definition will take effect from 1st of July 2020.
A slump sale is mainly affected by the way of Business Transfer Agreement ("BTA"). BTA’s are typically subject to negotiations.
ITR-1 for AY 20-21 has recently been notified on the e-filing website of the Income Tax Department.
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