Understand the performance of the Indian Economy with the 2023-24 Economic Survey. Learn about key trends, challenges and policy initiatives
Comprehensive economic survey of India 2023-24 – Learn what effects Govt. policies have on economic growth, stability & overall economic wellbeing in India.
Learn the key features and benefits of Section 80QQB of the Income Tax Act 1961. Read up on this important provision of royalties for authors, composers, photographers, and film producers.
Get a complete analysis of Section 80TTA of the Income Tax Act 1961 & learn when trusts and companies are ineligible for the deduction of up to Rs 10,000. Understand how these deductions apply to individuals & HUFs.
Discover what makes forensic auditors essential in uncovering financial fraud or wrongdoings. Get insight into the crucial role of the forensic auditor in law and justice.
In India, the National Budget is developed and maintained by a team of government officials and researchers. The team behind the national budget is headed by the Finance Minister and consists of a number of officials who work on the budget and are responsible for its implementation.
Section 80PA of Income Tax Act, 1961 deals with deduction allowed to an eligible assessee with respect to profits and gains from his business specified in Schedule V to Act.
Article explains Overview of Section 80EEA, Eligibility conditions to be eligible for deduction under 80EEA, Calculation of Deduction under Section 80EEA with Examples and Taxability of the deduction under Section 80EEA.
Section 80IAC of the Income Tax Act, 1961 is an important provision for startups and small businesses looking to avail tax benefits. As per the section, a person is eligible for a deduction for profits for any one assessment year out of 10 assessment years.
Section 40A(3) is a provision of the Act dealing with the taxability of payments that can be considered as expenditure. Under this provision, any expenditure in the form of allowance or reimbursement, made by an employer to his employees, shall be treated as income in the hands of the employees when the amount of expenditure incurred is not less than the amount specified under sub-section (2) of section 40A, or when the actual expenditure incurred by the employer is not otherwise verifiable (by means of documents, vouchers, etc.).
