by CA Chinmay Shirish Agate | Jul 2, 2024 | Taxation
There are certain transactions where profits and losses occur during the process. Profits however are taxable in the eyes of Income tax but losses provide certain benefits to the assessees. These benefits are available to individuals as well as businesses. Set off is...
by CA Chinmay Shirish Agate | Jul 1, 2024 | Taxation
House rent allowance (HRA) is a component of salary provided by employer to his employee, keeping in mind that employee has to bear cost of rental expenses. Salaried individuals who live in a rented house can claim this exemption and save their taxes. Taxability of...
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