Gift to Employees: An Allowable Business Expenditure with Benefits
In the corporate world, recognizing and appreciating the efforts of employees is crucial for fostering a positive work environment andRead More
Maximizing Tax Savings: Unleashing the Benefits of Section 80C for Smart Tax Planning
Section 80C of the Income Tax Act, 1961 is one of the most popular sections for tax planning in India.Read More
Charitable and Religious Trusts Can Now Register with IT Department Until September 30, 2023
The Central Board of Direct Taxes (CBDT) has extended the deadline for registration by charitable and religious trusts till SeptemberRead More
New Tax Exemption Limit for Leave Encashment on Retirement
In the Union Budget 2023, Finance Minister Nirmala Sitharaman announced that the government would hike the tax exemption limit forRead More
Section 80D of Income Tax Act, 1961
Section 80D of the Income Tax Act provides deductions for premiums paid towards health insurance policies. Here are some keyRead More
Capital Gain on Sale of Residential Property
Capital gains on the sale of a residential property refer to the profit earned from the sale, which is subjectRead More
Compliance Calendar for the month of May 2023
Compliance Calander for the month of May contains the compliance requirements under Income Tax Act, 1961, Goods & Service TaxRead More
Gratuity : Rules & Regulations
In India, the rules and regulations regarding gratuity are governed by the Payment of Gratuity Act, 1972. Gratuity is aRead More
National Pension Scheme
The National Pension Scheme (NPS) is a voluntary, long-term investment retirement savings scheme, initiated by the Government of India, toRead More
Importance of Form 16 Part A & Part B
Form 16 is a certificate issued by an employer to their employees, and it contains details about the salary paidRead More