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Income Tax
Income tax deduction for disabled individuals – Section 80U
An individual suffering a disability can claim tax deduction under section 80U of the Income tax
Can you file your income tax return after the due date
Most people miss the due date of filing income tax returns every year due to their busy schedules,
Income tax rates for FY 2021-22 and 2022-23-Applicable to an individual
Income tax rates are defined based on the type of assessee and total income earned for the financial
Tax deduction on interest on residential house loan – Section 80EE
Home buyer can get additional tax deduction up to Rs 50000 on interest on loan taken for residential
House rent Allowance or HRA Exemption U/S 10 (13A)
House rent allowance granted by an employer to his employee is tax exempted to the extent provided
House Rent Allowance (HRA) – Tips to lower your taxes
House rent allowance is a grant provided by the employer to the employee to meet the cost of living
When to file company tax return and which form to use
Companies in India are required to file tax return by September 30th of the year following the close
TDS from employee’s salary U/S 192 – Important points to remember
As per Section 192 of Income Tax Act, any person responsible for paying any income chargeable under
Form 12BB – Investment Declaration Form for Income Tax
Employees are required to provide a declaration at the beginning of the financial year or at the
When to pay late filing fee for your Income tax return in India
If you are taxable in India, then your income tax return must be filed on or before the due date of
GST
Accounts and Records to be maintained by Registered person under GST Law
Every tax payer under GST law is required to self-assess the tax payable by him or for the business
What is Input tax credit under GST – Explained with examples
The main reason of bringing GST law into India is to reduce the cascading tax effect. As per the
Audit under Goods and Services Tax Law – GST
The purpose of audit under GST law is to assess the compliance with the provisions of GST and to
Tax invoice – Invoicing under GST Law
Tax Invoice is a crucial document given by the supplier of goods or services to the recipient with
When composition scheme under GST law is applicable
Small suppliers whose aggregate turnover from supplying goods for a year is less than Rs 40 lakhs
What is intra-state supply of goods and/or services under GST
Section 8 of IGST Act, 2017 says when supply of goods and/or services will be treated as intra-state
What is inter-state supply of goods and/or services under GST
GST law clearly says when supplies of goods and/or services shall be treated as in the course of