Income Tax

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Income Tax Taxation

What is the Difference between PAN and TAN?

difference between PAN and TAN

To understand the difference between PAN and TAN, first, we will discuss “What is PAN?” and “What is TAN?” What is PAN? PAN means Permanent Account...

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Income Tax

EPF Return and Annual Compliance

EPF Return

What is EPF Return? And what are its Annual Compliances? Employee Provident Fund (EPF) is saving scheme launched by Government of India for all employees w...

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Income Tax

Provisions Regarding Loss Carry Forward under Section 8...

Section 80-IA (5)

Issues on Provisions Regarding for Carrying Forward of Loss under Section 80-IA (5) Of Income Tax Act, 1961 Income tax of India has always been progressive...

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Income Tax

Inventory Audit: Purpose of Inventory Audit

Inventory Audit

An Inventory Audit is a process of accounting the Inventory level of a company. It maintains the record of stock stored by the company while keeping track...

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Income Tax Taxation

Undisclosed Foreign Income and Assets

Foreign-Income

In the year 2015, the Government of India has passed act no. 22 of 2015 to deal with the problem of the Black Money that is undisclosed foreign income and....

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Income Tax Taxation

Hindu Undivided Family – A Way to Save Income Tax...

Save Income Tax

Country people are always been encourage with a number of benefits and awards to file and pay Income tax. After all, it is a small contribution of each peo...

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Income Tax Taxation

Income Tax Deduction for Medical Expenses

Medical Expenses

The provision of Income Tax has provided relief to its taxpayer in certain limit and condition for medical expenses incurred for them. It is pertinent to n...

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Income Tax Taxation

Difference Between PAN and TAN

PAN and TAN

What is PAN? PAN is the type of computer-based system which assigns a unique identification number to a taxpaying entity in India. PAN is shared across the...

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