Income Tax Articles

Advance Ruling under Direct Tax Vs. Indirect Tax - A Comparative Analysis

Posted by Nitesh bind 27 May 2019 6581 Views

In the Indian environment, the Authority for Advance Ruling (AAR) has emerged as an important quasi-judicial system providing important rulings in tax matters. ...

Deduction under section 80 D - for Medical Insurance & Health Checkup

Posted by VISHAL BANSAL 27 May 2019 13141 Views

BUY BEST MEDICAL HEALTH PLANDeduction under this section is available to an individual

Deduction u/s 80RRB: Royalty for Patents

Posted by VISHAL BANSAL 26 May 2019 8211 Views

Deduction u/s 80RRB: Royalty for PatentsWhat is Patent-The government authority or license conferring a right or title for a set period, especially the sole rig...

Sukanya Samriddhi Yojana Account (SSYA)

Posted by VISHAL BANSAL 25 May 2019 24606 Views

Sukanya Samriddhi Yojana Account (SSYA)�An investor without investment objectives is like a traveler without a destination.�Introduction-Sukanya Sam

Deduction on Interest Income: Under Section 80TTA/80TTB

Posted by VISHAL BANSAL 20 May 2019 22259 Views

80TTA Deduction Limit (Maximum Rs. 10,000)Eligibility- This deduction is available to a Resident Individuals or HUF. Deduction limit- The deduction can be avail...

Leave Encashment, their Exemption and Tax liability

Posted by VISHAL BANSAL 18 May 2019 8553 Views

Introduction -During the service tenure, you are allowed various types of leaves e.g. Sick leave, Casual Leave, Earned Leave, etc. Sick leave and casual leaves ...

Agricultural Income and Tax liability

Posted by VISHAL BANSAL 16 May 2019 14347 Views

Agricultural Income as per section 10(1) earned by the taxpayer in India is exempt from tax. Agricultural income is defined under section 2(1A) of the Income-ta...

No end to harassment of Taxpayers

Posted by Manish 16 May 2019 16100 Views

It seems that there is no end of harassment for taxpayer even though there are lot of assurance provided by Prime Minister to improve the process.Given below, a...

How to calculate House Rent Allowance (HRA) Exemption

Posted by VISHAL BANSAL 15 May 2019 16536 Views

House Rent Allowance exemption under section 10(13A) is allowed if Salaried individuals getting House Rent Allowance as part of salary and full fill below two...

TDS Provisions under Income Tax Act, 1961

Posted by SIDDARTH AGARWAL 14 May 2019 9279 Views

TDS PROVISIONS UNDER INCOME TAX LAW WHAT IS TDS AND PURPOSE OF ITS INTRODUCTION TDS is abbreviated for tax deducted at source which was introduced to collect t...