Standard Deduction For AY 2022-23
It means a flat deduction to individuals earning a salary or pension income. It was introduced back in Budget 2018 in lieu of transport allowance and reimbursement of miscellaneous medical expenses.
A New Route of Tax Knowledge
It means a flat deduction to individuals earning a salary or pension income. It was introduced back in Budget 2018 in lieu of transport allowance and reimbursement of miscellaneous medical expenses.
In the month of May 2021, fertilizer stock rise as the price of raw materials such as phosphoric acid and ammonia, among others rise in price.
Under union budget 2020, The Finance Minister introduced the “New Income Tax Slab” which is also called the “New Tax Regime”. As per the new tax regime, there is an option for individuals and HUF to pay tax at lower …
If any person who is required to comply with section 44AB fails to get his accounts audited in respect of any year or years as required under section 44AB or furnish such report as required under section 44AB, the Assessing Officer may impose …
Sugar Industry Stocks is a subsector of the Indian Stock Market. In India, the sugar industries have a huge business. Sugar consumption in India is the highest in the world. India has also seen record sugar cane output in one …
If any person who is required to comply with section 44AB fails to get his accounts audited in respect of any year or years as required under section 44AB or furnish such report as required under section 44AB, the Assessing Officer may impose …
Remuneration which is allowed as expenses in the hands of partnership firm will be taxable in the hands of receiving partner as “Income from business and profession” and if such remuneration is not allowed as expenses in the hands of partnership firm then it will not be taxable in the hands of partners.
The Standard Deduction is the portion of your income not subject to tax that can be used to reduce your tax bill. It is such a deduction offered to salaried individuals and pensioners. They can claim a certain amount of …