In the normal scenario HRA forms part of your salary and you can claim the deduction for HRA. If you are not a receiver of HRA from your employer and make payments towards rent for any furnished or unfurnished accommodation occupied by … Read more
80G is the section which deals with the Donations made by the assessee and the rate of the deduction that can be availed !! The following are the rates and the sum of among can be availed and Here you can find … Read more
Section 234 Intrest Imposement by Income Tax Department. Intrest is Imposed when the Asseessee does not comply with Income Tax Regulations. You have to pay Intrest based on section 234. Intrest will be imposed by following three ways. They are U/S 234A, 234B, and … Read more
Most of the Small business firms return according to Section 44AD. These Returns do not require book maintenance. Assessees having the turnover less than 2 crores he can opt for presentive taxation income 8% of turnover. The assessee has not claimed any deductions. Here you can … Read more
Maintenance Books of Accounts by certain persons carrying on Business or profession of Income Tax Act 1961. These have prescribed under section 44AA. Here you can know about Section 44AA of Income Tax Act 1961 Section 44AA of Income Tax Act 1961 The Income from … Read more
Income Tax Department introduced three types of challan they are Challan.No.INTS 280, Challan.No.INTS 281, Challan.No.INTS 282.Challan.No.INTS 280 prepare for payment of Income Tax. Income Tax payment made for Advance Tax, Self Assessment Tax, Tax on Regular Assessment. The process of filling Challan 280 through online or … Read more