The Finance Bill 2023, presented by the Honorable Minister of Finance on February 1, 2023, proposes a special amendment to Section 43B of the Income Tax Act, 1961, aimed at making it more favorable for Micro, Small, and ...
The Finance Minister presented the Finance Bill 2023 on February 1, 2023, proposing amendments to make the new 115BAC personal tax regime more appealing. In the old tax regime, there are deductions for certain invest...
Budget 2023 has proposed to insert a new section 115BAE to support and give a boost to newly established manufacturing cooperative societies that start operations between April 1, 2023 and March 31, 2024. This s...
The Finance Bill 2023, presented by the Honorable FM on February 1, 2023, proposes a series of amendments in the Personal Taxation domain to make the new 115BAC personal tax regime more appealing to taxpayers. The ma...
Merging cells is by far one of the most used functions for every excel user as it allows users to give a heading to a table with multiple columns. It is a basic presentation skill that is often taught in the first lesson...
This Ind AS explains the process of aligning a business's profit with its taxable profit as required by tax laws. In order to make this technical topic easier to understand, I have broken the blog into several p...
The Kerala High Court in the case of K C Antony vs Principal Commissioner has held that Section 119(2)(b) of the Income-tax Act, 1961 does not impose any limitation for the purpose of filing an applic...
QWhat is HRA? AHouse Rent Allowance (HRA) is the allowance paid as a part of salary by an employer to their employee as a compensation for rented accommodation-related expenses incurred by the employee. QSo, ...
Section 6 of Income-tax Act, 1961 exhibits the criteria to assess the residential status of a person. What is the purpose of knowing your residential status? In India, Income Tax is levied on the bas...
Firstly, I have not covered the basic classification of cash flows between the Operating, Investing and Financing Activities in this blog as we all know the basic thing. So, what is covered in this blog? The things that ...
