LTC/LTA: Treatment of Leave Travel Concession or Assistance

Among the types of perquisites you have learned, Leave Travel Concession or Assistance(LTC/LTA) carries great importance. It is the perquisite given to employee on his leave travels. It also includes employee’s family members. What is the tax provision of LTC/LTAContinue reading… LTC/LTA: Treatment of Leave Travel Concession or Assistance

Medical perquisites to employees: What is its tax treatment?

Medical perquisites are considered as tax free perquisites as per Income Tax Act. However there are certain cases where medical facilities are treated as tax free perquisites. You must read till end! Medical facilities/reimbursement in India The value of anyContinue reading… Medical perquisites to employees: What is its tax treatment?

Essential points you should know before entering in ‘Good firm’ for Articleship

For any CA student, articleship phase is something very promising period, where a student can actually experience the practical aspects of this course. In this phase, student can get a chance to not only implement their raw knowledge of TaxationContinue reading… Essential points you should know before entering in ‘Good firm’ for Articleship

Difference between Credit card networks and Credit card issuers?

There are certainly no shortage of credit card choices available for consumers. Filling your wallet with the right credit cards is a process that’s going to be different for each of us on the basis of our needs. So itContinue reading… Difference between Credit card networks and Credit card issuers?