Section 36 of the Income Tax Act illustrates various expenses that are allowed as a deduction from the income earned from business and profession. Read a Summary of deductions u/s 36.
Transport Allowance forms part of an employee's salary structure. Read the meaning of Transport Allowance, Exemption available, conditions attached and changes.
Form 12BA is a detailed statement showing particulars of perquisites, other fringe benefits and profits in lieu of salary that is issued by the employer along with Form 16
Know about tax return preparer, TRP roles, responsibilities & charges. Income tax return filing at home under the TRP scheme approved by Income Tax Dept.
Credit of any sum to the taxpayer requires to be offered to tax unless it is specifically exempted as per tax provisions.Know more about Section 68 on unexplained cash credit & its treatment
Partial withdrawals from the NPS accounts are tax free as per budget 2017. Prior to this partial withdrawals made were taxable
Know about How to File TDS Return Form in India, Rate of TDS deduction, Due Dates for filing TDS Return, Type of TDS Return Form 24Q, 26Q, 27Q, 26QB, 26QC, 27EQ with File My Tax online guide
Form 61A is a record of specified financial transactions that should be furnished under the Income Tax Act. Find out which are there specified financial transactions are and what to do in case of nil returns
Are you a salaried individual with EPF account? Know about the details of EPF payment online on the Employees’ Provident Fund Organization / EPFO portal.
Section 40A(3) disallows Cash Payments exceeding Rs 10000 made in a day to be claimed as an expense. Read the applicability & exceptions to this rule.
