Taxconcept

House Rent Allowance (HRA) is a component of a salaried individual’s salary package, provided by employers to cover rental expenses. […]

Corporate law governs the formation, operation, and dissolution of corporations. It provides the legal framework for businesses, ensuring they operate

As of now, India does not have a provision for filing joint income tax returns like in some other countries

In anticipation of the Union Budget 2025, the Institute of Chartered Accountants of India (ICAI) has proposed allowing married couples

In the Union Budget 2024, Finance Minister Nirmala Sitharaman announced an increase in the standard deduction for salaried individuals and

Income tax is one of the primary sources of revenue for the government. It plays a vital role in funding

The Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services across

The Income Tax Act, 1961, includes provisions under Section 234 that outline the penalties and interest levied for non-compliance with

Section 148 of the Income Tax Act, 1961, empowers the Income Tax Department to issue notices for reassessment of income

Understanding Section 44 of the Income Tax Act: Presumptive Taxation Schemes Section 44 of the Income Tax Act, 1961, contains