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Taxation of HUF

Hindu Undivided Family (HUF) is defined as a separate tax entity that consists of individuals lineally descended from a common ancestor and includes their wives and unmarried daughters. HUF is recognized as a distinct assessable entity under the Income Tax…

What is perquisites under income tax

Introduction:Individuals in employment often work hard achieve their personal financial goals. Salaries or wages are the considerations for the services provided by these employees to their organisation. However, if something more than just salary or wages are offered to employees…
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