Every taxpayer is looking for ways to save their taxes as taxes acts a pinch...

Budget in India is the most anticipated event, where every taxpayer is hoping that they...

Voluntary retirement scheme is a mechanism used by employees seeking retirement earlier than their actual...

Corporate Social Responsibility (CSR) expenses refer to the expenses that a company incurs to conduct...

 Undisclosed income, also known as black money or unaccounted income, refers to income that has...

In the world of businesses and finances, the most feared factor by any establishment is...

In India, every person who dreams to buy a home has the helping ladder of...

A partnership firm is a separate legal entity in the eyes of income tax act...

Simple meaning of rectification is correction of mistakes. In income tax, rectification refers to correction...

Under mercantile system of accounting which is also called as accrual system of accounting, incomes...

It is quite often that people from one nation travels abroad to work and earn...

There are certain transactions where profits and losses occur during the process. Profits however are...

House rent allowance (HRA) is a component of salary provided by employer to his employee...

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Majority population of our country is the hardworking class of people who are under employment...

Annual Information Statement (AIS) is a detailed and comprehensive summary of information for a taxpayer...

Depreciation means reduction in the value of a particular asset due to wear and tear...

Deduction of taxes at source is an important source of revenue for government to have...