House Rent Allowance (HRA): Exemptions & Calculator
House Rent Allowance, commonly referred to as HRA, holds significant importance in both personal finance and employment benefits. It constitutes …
income tax 2024
Tax planning before March 31: Do’s and dont’s for the last-minute tax saver
Even with increased awareness about tax planning, many people procrastinate until March 31 to make tax-saving investments. This can lead …
Do before 31 March: Year-End Financial Checklist: Income Tax, GST & Compliance
As the financial year comes to a close, it’s crucial for individuals and businesses to ensure that they have completed …
Gratuity to conveyance allowance: Exemptions under New Tax Regime decoded
A penny saved is a penny earned. For this, tax planning is your weapon to dodge the tax bullets and …
CBDT clarifies provisions relating to donations made by a trust / institution to another trust / institution for the purposes of application of income
Circular No. 3/2024 dated 06.03.2024 issued, providing clarity on the issue with illustrative examples. The Circular is available on : …
CBDT allows certain trusts/institutions to furnish audit report in applicable Form No. 10B / 10BB on or before 31st March 2024 – Circular No.2/2024 Dated 5 March 2024
Income of any fund or institution or trust or any university or other educational institution or any hospital or other …
Lower/Nil Deduction Certificate of TDS: Everything You Need to Know
Section 197 of the Income Tax Act, 1961 provides for the facility of NIL deduction of tax at source or …
Understanding Marginal Relief in the New Tax Regime
In Budget 2023 various benefits are given under the new tax regime, Like New tax regime is default regime, Zero …
Section 43B(h): Is Finance Ministry revising the new rule for payment to MSMEs within 45 days?
The clause, to be effective from April 1, 2024, disallows expenses to buyers on invoices from micro and small enterprises …
New Dates of ITR Filing FY 2023-24 (AY 2024-25)
ITR Filing Last Date FY 2023-24 (AY 2024-25) The last date to file Income Tax Return (ITR) for FY 2023-24 …
