HRA: Calcution, Sections in ITR and Advantages
House Rent Allowance (HRA) is a component of a salaried individual’s salary package, provided by employers to cover rental expenses. […]
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GST income : Government of India
The Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services across
GST income : Government of India Read Post »
Corporate Law: A Comprehensive Overview
Corporate law governs the formation, operation, and dissolution of corporations. It provides the legal framework for businesses, ensuring they operate
Corporate Law: A Comprehensive Overview Read Post »
How to update Your PAN Card Name After Marriage
A PAN card is an essential document for financial and identity purposes in India. After marriage, individuals, especially women, often
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How to file joint income tax returns, current and expected reforms
As of now, India does not have a provision for filing joint income tax returns like in some other countries
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File joint Income tax return for married couples
In anticipation of the Union Budget 2025, the Institute of Chartered Accountants of India (ICAI) has proposed allowing married couples
File joint Income tax return for married couples Read Post »
Increase in Standard deductions
In the Union Budget 2024, Finance Minister Nirmala Sitharaman announced an increase in the standard deduction for salaried individuals and
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Government Income from Tax Collections: Net and Gross Revenue
Income tax is one of the primary sources of revenue for the government. It plays a vital role in funding
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How much government earns from GST collection?
The Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services across
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Section 234 of the Income Tax Act 1961
The Income Tax Act, 1961, includes provisions under Section 234 that outline the penalties and interest levied for non-compliance with
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