India’s total debt has become a key economic indicator, reflecting how effectively the nation handles its financial responsibilities. As of early 2025, the country’s total debt is estimated at around…
Form 13 is used by taxpayers to request the Assessing Officer of the Income Tax Department for a nil or reduced deduction of TDS. In many cases, the actual tax…
Leave Travel Allowance (LTA) is provided by an employer to cover an employee’s travel expenses, usually for a vacation. As per Section 10(5) of the Income Tax Act, LTA is…
Depreciation under Section 32 of the Income Tax Act, 1961 is a deduction allowed for the decrease in the value of tangible and intangible assets that are used in the…
According to the Income Tax Act, filing your Income Tax Return (ITR) within the due date is mandatory. If you fail to do so, you may face heavy penalties and…
People may wish to change their names for several personal, professional, or cultural reasons. Since a name is a key part of one’s identity and appears on important documents such…
For every taxpayer in India, it is important to know how the tax system works and the correct way to file both direct and indirect taxes. Having a clear understanding…
In India, the government offers certain tax deductions to businesses to promote growth. These deductions apply only to specific expenses outlined under Section 37 of Income Tax Act. To file…
Seafarers, Merchant Navy Workers Taxation In India - Services In All Major Cities In India i.e. Delhi NCR, Mumbai, Kolkata, Chennai, Kerala, Hyderabad, Bangalore, Gujarat, Punjab, UP, Other Cities What…
A seafarer is a professional engaged in working aboard watercraft such as ships, typically responsible for navigation, operations, or maintenance under a contractual arrangement. How Is Income Tax Filing Different…