by Admin | Mar 21, 2023 | Income Tax
The Income Tax Act of India has several sections and procedures to ease your ITR filing process. The amount of tax you are liable to pay depends on your income and the income tax slab you fit into. You should pay tax based on your total income earned or received... 
by Admin | Mar 20, 2023 | Income Tax
Section 14A of income tax act is a disallowance provision. This section provides that no deductions are allowed for expenses incurred in connection with income tax-exempt income when calculating gross income. What Is Disallowance under Section 14A? No deduction is... 
by Admin | Mar 20, 2023 | Income Tax
Income tax rebates or income tax deductions or income tax refunds? An amendment in the Finance Act made every taxpayer curious above all three. If you are here, you are one of them! Don’t worry, we will satisfy your query about rebate in income tax with the best... 
by Admin | Mar 18, 2023 | Income Tax
Trust income tax is based on the nature of their income or revenue. A charitable trust is a type of entity established to provide religious or humanitarian facilities to the public. Income from charitable/religious trusts is tax-exempt under section 11 of the Income... 
by Admin | Mar 18, 2023 | Income Tax
A partnership firm means two of you carry out a business in a single entity. Your partnership firms may be of two types – Registered and unregistered. Partnership firms are liable to pay income tax. Let’s know more about the Partnership Firm income tax...