Popular Posts
Postmortem of Union Budget 2024: A Comprehensive Webinar
Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!
Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective
Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!
Excel Format of Form 16 Salary Certificate & Form 16A
We have uploaded on this page latest Form 16 Salary Certificate & Form 16A TDs certificate in Excel Format which can be used by the tax Deductor to issue the same to deductee. Forms are easy to use.
House Rent Allowance (HRA) Taxability & calculation
Calculate your House Rent Allowance (HRA) exemption know HRA exemption Calculation Formula and download HRA Calculator in excel format for easy calculation of exempt HRA Allowance out of Total HRA received by Salaried Assessee.
Section 80C Deduction for tuition / school / education fees
Explore Section 80C Deduction for tuition fees in India. Learn eligibility criteria, maximum limits, and FAQs to optimize tax benefits for education expenses.
Rates of Depreciation as Per Income Tax Act, 1961
Rates of depreciation applicable for income tax purposes from assessment year 2003-04 to 2024-25. This guide includes rates for tangible and intangible assets, providing valuable insights for taxpayers.
Deduction U/s. 80G of Income Tax Act, 1961 for donation
The amount donated towards charity attracts deduction under section 80G of the Income Tax Act, 1961. Section 80G has been in the law book since financial year 1967-68 and it seems it’s here to stay. Several deductions have been swept away but the tax sop for donations appears to have survived the axe.
Deduction under section 80C and Tax Planning
Section 80C replaced the existing Section 88 with more or less the same investment mix available in Section 88. The new section 80C has become effective w.e.f. 1st April, 2006. Even the section 80CCC on pension scheme contributions was merged with the above 80C. However, this new section has allowed a major change in the method of providing the tax benefit. Section 80C of the Income Tax Act allows certain investments and expenditure to be tax-exempt.
Presumptive taxation- Section 44AD, 44ADA, 44AEAC
To give relief to small taxpayers from the tedious job of maintenance of books of account and from getting the accounts audited, the Income-tax Act has framed the presumptive taxation scheme under sections 44AD, section 44ADA and section 44AE. In this part you can gain knowledge about various provisions of the presumptive taxation scheme of section 44AD, section 44ADA and section 44AE.
Cost Inflation Index – Meaning & Index from 1981-82 to 2024-25
CBDT has notified Cost Inflation Index (CII) from 1981-82 to 2023-24. Find out the Meaning & Index of CII and its use for computing LTCG.
How to resolve “Error in establishing connection with TRACES Websocket Esigner” on TRACES?
Updated Em-signer utility is available for download. Existing utility will stop working w.e.f. March,19, 2023. Users need to uninstall existing Em-signer utility and download updated version using Web signer setup V 2.0 link available under ‘Download’ Tab at the login of user at TRACES website. You might be facing issues with the Emsigner on TRACES, […]
Depreciation Rate Chart as per Companies Act 2013 with Related Law
CA Sandeep Kanoi In this Article we have compiled depreciation rates Under Companies Act 2013 under Written Down Value (WDV) Method and as per Straight Lime method (SLM). We have also compiled Changes to Schedule II- Useful Lives to Compute Depreciation read with section 123 of Companies Act,2013 made vide Notification No.G.S.R. 237(E) Dated 31.03.2014 […]