Health Insurance For Senior Citizens: Coverage for Age above 70
Health insurance for senior citizens provides medical coverage to individuals which covers pre- and post-hospitalization expenses, daycare procedures, and sometimes […]
Form 71: TDS Claim in the Correct Tax Year
Form 71 enable taxpayers in correcting errors in tax deduction at source (TDS). This form is also applicable when TDS
Tax Audit Limit: Criteria for Businesses and Professionals
Tax audit limit specifies the threshold for businesses and professionals, beyond the limit must get accounts audited under Section 44AB
Clause 44 of Tax Audit Report: A Quick Overview for Auditors
Clause 44 of Tax Audit Report in Form 3CD requires auditors to provide a detailed breakup of the total expenditure
Section 271H of IT Act: New Rules to TDS/TCS Filing Penalties
Section 271H of IT Act related to penalty if a person fails to file TDS or TCS returns/statements within the
GST on Flex Fuel Vehicles: Call for Lower GST to Propel Bio-energy Growth
GST on flex fuel vehicles shall reduce to 12% suggested by the Union Minister Nitin Gadkari to promote their use.
Tax Audit Applicability: Criteria and Thresholds You Should Know
Tax audit applicable if business or profession exceeds certain turnover or income threshold limits. Income tax audits under Section 44AB
F and O: Taxation for Futures & Options Traders
F and O – Futures and Options is a non speculative business which are types of financial derivatives used in
Dearness Allowance: Central Government Proposes 3% DA Hike
Dearness Allowance is the additional payment the Government and Public Sector Entities make to their Employees and Pensioners. The intent
Income Tax Refund Delay: Common Reasons and Solutions
Income tax refund delay occurs due to various factors which may include issues with verification, errors or incorrect information in
Domicile Certificate: Purpose and Application Procedure
Domicile certificate is a proof of an individual that he/she is permanent residence in a particular state or union territory
Section 44ADA of Income Tax Act: Taxation for Professionals
Section 44ADA of Income Tax Act means estimating the income of an assessee who is engaged in any profession referred