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…
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…
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…
Introduction: Income tax department have made their intentions clear in Union Budget 2023 to make new tax regime as default regime to file Income Tax Returns of all kinds of taxpayers. Earlier old tax regime was the default regime to file…
Form 12BB : Investment Declaration Form What is Form 12 BB?Form 12 BB is an Investment Declaration form that every salaried individual employee needs to submit to their employer for the purpose of claiming deductions of tax and exemptions on…
