Heads of Income is one of the most important, or I can say the most important part of Taxation. Out of it, the part which contains more parts of learning is in Salary head where there are many limits toContinue reading… Quick Learning Chart(PDF Format) of Allowances & Perquisites of Salary
On 26th of September 2018, The Supreme Court of India had cleared the path of dilemma among citizens of India regarding the world’s largest Biometric Programme, i.e., Aadhar. It had cleared on where Aadhar Number is required to be furnished.Continue reading… Aadhar Card- Where it is necessary?
Total income of an assessee cannot be computed unless we know his residential status in India during the previous year. So you must learn about what is all written in the residential status in the Income Tax Act of India.Continue reading… Determination of Residential Status
This post is meant to learn various important concepts of Taxation like Definition of Person, Assessment Year, Previous Year, etc. It is important if you a law aspirant or want to excel in Taxation. So must read till end. Person:Continue reading… Some Important Concepts of Taxation you must know!
TDS(Tax Deducted At Source) is the tax deducted by deductor before paying any amount to deductee. It is a kind of Advance Tax where the amount of tax is paid periodically as mentioned in the Act. TDS involves two parties:Continue reading… #Learn Taxation: Types of Tax Deducted at Source
Earlier we had learned about Penalty interest u/s 234A, 234B and 234C. Know about it later. Today we will learn all about Advance Tax. Advance tax is tax paid before completion of financial year. It is also known as payContinue reading… #Learn Taxation: Know about Advance Tax!