Understanding the Importance of the Bill of Entry in International Trade
A Bill of Entry is an important legal document that is filed by an importer or a customs agent with the customs department of...
Mutual Fund Redemption Taxability: Understanding Capital Gains
Mutual funds are a popular investment option for individuals looking to earn returns on their money. They are essentially a pool of money collected...
Section 148a of Income Tax Act: Understanding Reopening of Assessments
Section 148a of the Income Tax Act, 1961 is an important provision that allows the Income Tax Department to reopen an assessment if it...
Understand Impact of GST on Hotel Rooms: Challenges & Benefits
Goods and Services Tax (GST) is a comprehensive indirect tax that is levied on goods and services across the country. It is a tax...
Understanding Gratuity Exemption: A Guide to Exempting Gratuity from Taxation
Introduction
Gratuity is a form of payment made by an employer to an employee as a token of appreciation for their services rendered over a...
Understanding Home Loan Tax Benefits: A Comprehensive Guide
Owning a home is a dream for many of us, but it also comes with a lot of financial responsibility. One of the significant...
Understand the Provisions of Section 194Q of Income-Tax Act
Section 194Q of the Income-tax Act, 1961, deals with the tax deduction at source (TDS) on payments made to contractors or sub-contractors. TDS is...
Income Tax Slab for Senior Citizens in India
In India, senior citizens who are 60 years and above, are eligible for certain tax benefits. The government recognizes the importance of providing financial...
How to Save Tax on Salary: A Comprehensive Guide
Introduction
Paying taxes is an essential obligation that comes with earning an income. However, as an employee, there are several strategies you can use to...
About e-Pehchan Card for Unorganized Sector Workers in India
In India, the e-Pehchan Card is a unique identification system that aims to provide an identity card to unorganized sector workers. The card aims...
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