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An Income Tax Return (ITR) is a document that every taxpayer is required to file with the Income Tax Department. ITR is filed to declare the income earned...
The most common type of allowance a salaried person receives is House Rent Allowance (HRA). Those who live in a rented property can maximize their tax savi...
Taxation of Stipend Income has been controversial. Under the Income Tax Act, there is no mention of a ‘stipend.’ The Income Tax Act only states that th...
The Income Tax Department may direct the notices for several reasons, such as in case of non-filing of the income tax returns, defect detected in the filed...
Income Tax is a form of Direct Tax levied by the Indian Government on the very source of income generated in a financial year either by individuals or busi...
Income Tax is a kind of Direct Tax imposed by the Indian Government on the very source of Income generated in a financial year, either by individuals or bu...
The income tax laws mandate that an individual must quote their Aadhaar enrolment ID while filing an income tax return (ITR). Other than this, individuals...
In the past few days, the Government has made numerous announcements regarding Aadhaar and PAN, like making Aadhaar mandatory for IT Returns, linking Aadha...
Non-banking finance companies (NBFCs) play a very important role in the Indian financial system...
Sweden is a country in Europe and has been a member of the European Union (EU) since 1995. The...
Gold loans are among the most popular loan types, particularly in rural India. Millions of peop...
The Reserve Bank of India (RBI) has recently issued new guidelines aimed at reducing unfair cha...
Corporate tax plays an important role in selecting the ideal location for setting up a business...
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