HRA exemption on income tax
Your basic salary is entirely taxable. However, this is not true for some other components of your salary, including the HRA component. What is HRA? Almost always, house rent allowance (HRA) is an … READ FULL STORY
Your basic salary is entirely taxable. However, this is not true for some other components of your salary, including the HRA component. What is HRA? Almost always, house rent allowance (HRA) is an … READ FULL STORY
Salaried individuals and pensioners who have undergone treatment for certain critical illnesses can claim tax deductions against the medical expense under Section 80DDB of the income tax law. In this guide, we explain the … READ FULL STORY
Since the real estate law has been implemented in various states in India, close to one lakh projects and 71,514 agents have been registered to date while over 1 lakh cases of consumer disputes … READ FULL STORY
Salary arrears are treated as salary income in the income tax return. They are taxable in the year of receipt of this income. Hence, if past dues are added to your salary for the … READ FULL STORY
Tax Deducted at Source (TDS) is a sytem under which tax is directly collected at the point of generation of income. Under the income tax laws in India, TDS is deducted by the payer, … READ FULL STORY
Wallpapers are a cost-effective way of changing the look of your living room. Available in a wide variety of designs, quality and prints, wallpapers are one of the easiest ways to lend a new … READ FULL STORY
Brookfield India Real Estate Trust (REIT) saw its adjusted net operating income for grow 60% year-on-year during the third quarter of the ongoing financial year (Q3FY23), the company said in a statement on February … READ FULL STORY
Under India’s income tax laws, businesses must report their income after getting their books audited by credited chartered accountants (CAs) under Section 44AB of the Income Tax Act, 1961. This section ensures appropriate reporting … READ FULL STORY
Under India’s income tax law people making certain payments are responsible for deducting tax at source (TDS) from the amount. Section 195 of the Income Tax Act deals with TDS deductions on NRI income. … READ FULL STORY
In the Budget 2023-24, the government has reduced the highest surcharge on personal income tax to 25% from the previous 37%. The reduced rate is applicable only on taxpayers who opt for the new … READ FULL STORY
The government would want to eventually switch to an exemption-free tax regime with lower tax rates, revenue secretary Sanjay Malhotra told news agency PTI on February 2, 2023. “We would like to move towards … READ FULL STORY
The Centre has allocated only Rs 60,000 crore to its flagship PM Kisan Samman Nidhi Yojana for the financial year 2023-24, shows the Union Budget document on expenditure. This is the lowest Budget allocation … READ FULL STORY
A non-performing asset or NPA is a term used to describe loan or credit for which the principal or interest payment remained overdue for 90 days or more. What is NPA? An NPA … READ FULL STORY