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Budget changes dated 23rd July, 2024

by | Jul 30, 2024 | Taxation

Budget in India is the most anticipated event, where every taxpayer is hoping that they get benefited from it.  In current year, Budget was declared on 23rd July, 2024 due to General Loksabha Elections. This year’s budget was mainly focused on increasing...
Taxability of EPF Withdrawals

Taxability of EPF Withdrawals

by | Jul 25, 2024 | Taxation

EPF i.e. Employee’s Provident Fund is a retirement fund saving scheme for salaried employees. 12% of the employee’s basic salary is contributed to the EPF account on a monthly basis by the employer. Even employee has an option to make self-contribution to this...

What is Form 10BA for 80GG Deductions

by | Jul 24, 2024 | Taxation

Section 80GG of the Income Tax Act, 1961, in India provides a deduction for individuals paying rent for house properties. This deduction is particularly available for those who do not receive House Rent Allowance (HRA) from their employer. Form 10BA is the declaration...

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