VAT: Why it Was Introduced to Replace Traditional Tax Systems and its Impact on...
Introduction:
Value Added Tax (VAT) is a tax system that is used in many countries around the world. It is a tax on the value...
Understanding Section 80DD Deduction Limit: A Guide for Taxpayers
Income Tax Act, 1961 offers several deductions to taxpayers for various expenses incurred by them. Section 80DD of the Income Tax Act is one...
Understanding the 80CCD Deduction Limit: A Comprehensive Guide
When it comes to saving taxes, the government of India offers several provisions under the Income Tax Act, 1961. One such provision is the...
Understanding Section 80CCD(2) – Benefits of Additional NPS Contribution
Section 80CCD(2) of the Income Tax Act, 1961 is a provision that allows individuals to claim an additional deduction on contributions made towards the...
Understanding Section 80CCD(2) Limit: A Comprehensive Guide
Introduction The government of India offers several tax-saving options to the taxpayers. Section 80CCD(2) is one of such options that help the taxpayers save...
Understanding the benefits and provisions of Section 80CCD (1B) of the Income Tax Act
The Indian government offers a number of tax-saving options to its citizens to encourage savings and investments. One such option is Section 80CCD (1B)...
Understanding 80C Deduction: A Comprehensive Guide
When it comes to tax planning, one of the most popular options available to taxpayers is the 80C deduction. Under this section, taxpayers can...
Understanding the 15G Form: A Comprehensive Guide
Saving money is an important aspect of financial planning. However, paying taxes on the interest earned on our savings can be a significant burden....
Understanding Section 16 of the CGST Act: Input Tax Credit
The Central Goods and Services Tax (CGST) Act, 2017 was enacted to regulate the taxation of goods and services in India. One of the...
Corporate Tax Rate in India: Impact on the Economy and Businesses
Corporate Tax Rate in India: An Overview
Corporate tax is a tax levied on the profits earned by companies and businesses. In India, the corporate...