MCA has widened the scope of fast-track mergers and demergers under Section 233 of the Companies Act, 2013. Learn about the ...

Section 54 of the Income Tax Act provides the seller of a residential property with relief from capital gains tax. The section allows taxpayers to obtain relief from capital gains tax only if the ...

According to Section 192 of the Income Tax Act 1961, an employer deducts TDS while paying salary to an employee. An employer has to file salary TDS return in Form 24Q, which has to be submitted on a ...

Section 80JJAA deduction can be claimed by taxpayers whose total income includes profit or gains from business. To be eligible to claim deduction under Section 80JJAA, the taxpayer must satisfy all of ...

In the colloquial sense, taxpayers can understand total income as the total amount of income earned in a financial year. However, according to the Income Tax Act, Gross total income should be ...

Basic Salary-Fixed part of the salary which does not include benefits, bonuses or any other potential form of compensation from the employer Fully Taxable Allowances Dearness Allowance (DA) Cost of ...

"Profit and gains of business or profession" is one of the heads of income under the Income Tax Act. For the purpose of ascertaining the tax liability of a taxpayer, the Income Tax Act divides the ...

What is the due date for filing Form 3CEB? What are the documentation requirements for transactions reported in Form 3CEB? Section 194H of the Income Tax Act: TDS on Commission & Brokerage Section ...

Section 80D deduction can be claimed by taxpayers from gross total income for health insurance premium, contribution to Central Government Health Scheme and preventive health checkup. Know more about ...

Women entrepreneurs are not sufficiently represented among the business community in India. Most women opt for household management after wedding and breadwinning responsibilities are left to the men.

Income Tax Deductions under Chapter VI A of the Income Tax Act pertain to reductions in taxable income for individuals or businesses, thereby lowering their tax liabilities. Sections 80C to 80U of the ...

ROYALGLO NEXT ACADEMY PRIVATE LIMITED is a Private Limited Company, governed by the Companies Act as a company limited by shares. Classified as a Non-government company, it is registered under the ...