Understanding Section 80E Deduction: Save Money on Your Education Loan Repayment
Pursuing higher education can be an expensive affair, especially when it comes to studying abroad. Education loans can be a savior for many, but...
Understanding the Provisos to Section 17(2) of the Income Tax Act: Exemptions for Perquisites...
Section 17(2) of the Income Tax Act lays down the provisions for the taxability of perquisites or fringe benefits provided by an employer to...
Understanding the Taxability of Annuities: FAQs and Key Considerations
An annuity is a financial product that provides a regular stream of income to an individual in exchange for a lump-sum payment or a...
Understanding Agricultural Taxes: A Comprehensive Guide
Agriculture plays a significant role in the economy of many countries worldwide, with farmers providing food, fuel, and other essential products to meet the...
Complete Guide to UAN Registration: How to Register for a Universal Account Number
If you're an employee in India, then you may have heard of the Universal Account Number (UAN) registration. The UAN is a unique 12-digit...
Understanding House Rent Allowance (HRA): Benefits, Calculation, and Tax Implications
The term "HRA" stands for Housing Rent Allowance, which is a significant component of an employee's salary package. HRA is a type of allowance...
Is ULIP Tax-Free? Understanding the Tax Implications of ULIP Investments
Introduction:
Unit Linked Insurance Plans (ULIPs) are a popular investment-cum-insurance product that offers individuals the dual benefits of life insurance coverage and market-linked returns. ULIPs...
Understanding TDS: Tax Deducted at Source – A Comprehensive Guide
What is TDS: Understanding Tax Deducted at Source
Tax Deducted at Source, commonly known as TDS, is a tax collection mechanism used by the Government...
Understanding GST Return Filing: What is GSTR-1 and How to File It?
The Goods and Services Tax (GST) is a comprehensive indirect tax that has replaced several indirect taxes in India. GST is a destination-based tax...
Understanding Section 43B of the Income Tax Act
Introduction
Section 43B of the Income Tax Act is a critical provision that outlines the rules for claiming deductions for certain expenses. The section applies...