Section 10 – Tax Exemptions, Allowances & How to Claim
Overview Section 10 of the Income Tax Act, 1961 provides a list of exemptions on certain types of income such as House Rent Allowance (HRA), Leave Travel Allowance (LTA), interest…
Overview Section 10 of the Income Tax Act, 1961 provides a list of exemptions on certain types of income such as House Rent Allowance (HRA), Leave Travel Allowance (LTA), interest…
The Ministry of Corporate Affairs (MCA) introduced the MCA 21 portal in 2006 to provide secure and convenient online access to various MCA services for professionals, corporate bodies, and the…
Section 43B of the Income Tax Act specifies certain expenses that can be claimed as deductions under the head ‘Income from Business and Profession’. It states that some expenses are…
GSTR-9 is an annual GST return that must be filed by 31st December of the year following a financial year. It includes details of your sales, purchases, and GST paid…
A uniform allowance is money given by employers to help employees buy and maintain the uniforms they need for work. It’s usually provided in jobs with specific dress codes, like…
GSTR-9C is an annual GST reconciliation statement that must be filed by eligible taxpayers. Every registered person whose aggregate turnover in a financial year exceeds ₹5 crore is required to…
Under the Companies Act, 2013, companies are grouped according to how many members they have.The Micro, Small and Medium Enterprises (MSME) Act further divides businesses into micro, small, and medium…
Income tax slabs specify the rate of tax payable for different income levels. For the financial year 2025–26, a major relaxation in these slabs has been introduced, significantly lowering overall…
When purchasing property in Maharashtra, buyers must pay both stamp duty and registration charges to have the property officially recorded. If you are planning to buy property in the state,…
GSTR-3B is a summary GST return that taxpayers are required to file regularly to report sales, input tax credit (ITC) claims, tax liabilities, refunds, and other details linked to their…