Section 143(1)
Letter Of Intimation Under Section 143 (1) Intimation under section 143 (1) is a notice sent to taxpayers containing the amount of tax payable along with interest issued. When you pay income tax [...]
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Section 194H
What Is Section 194H? Under section 194H, income tax is levied on any income earned by an individual by means of commission or brokerage. In other words, as per section 194H of income tax act, an [...]
Section 80GG Deduction for Rent Paid
What is Section 80GG? Word “home” and the feeling associated with owning one is a dream everyone in India has and is working and saving towards achieving it however buying your own house is not [...]
Section 80TTA
What is section 80TTA? Section 80tta provides a deduction of Rs.10000 on interest earned by an individual on his or her savings accounts income. Who is eligible? Deduction under section [...]
Section 80TTB
What Is Section 80TTB? Section 80TTB is a provision made by the government for taxpayer’s who are resident senior citizen’s having age of 60 years or more are eligible to claim maximum tax [...]
Repo Rate
A well thought of and well planned monetary policy is as important for a country as oxygen is for life because it is by monetary policy, supply of money is controlled by the monetary authority of a [...]
Everything Doctors need to know about Taxation
Whether you are into a noble profession of medicine or education, your income is taxable, if exceeds limit. In a society every job is important. It can’t be said since doctors are into noble [...]
Partnership Deed Format
What is a Partnership Deed? When two or more persons come together or joins hands in order to set up a business in view of equally distributed profits and losses it is called partnership and as per [...]
Section 80EE Income Tax Deductions for Interest on Home Loan
What is Section 80EE? The Constitution of India has authorized the Central government to impose tax on income other than agricultural income as defined in Section 10(1) of the Income Tax 1961 and [...]
E-PAYMENT OF TDS
What is TDS? Managed by the Central Board for Direct Taxes (CBDT), TDS, short form for tax deducted at source is a means of collecting income tax and is a part of the Department of Revenue managed [...]
