The Union Budget this year had offered an individual the choice of paying tax under the new tax structure with lower rates but foregoing deductions or continue paying tax under…
Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings. These are notified in Notifications 30/2020 to 36/2020 dated 03.04.2020 & 40/2020 dated 05.05.2020. Circular No. 136/06/2020-GST dated…
Income tax deduction list. SectionDescriptionMaximum Limit(in Rs) Commonly used 10(13A)House Rent AllowanceAs per calculations10(5)Leave Travel Concession or Assistance (LTC/LTA), extended by an employer to an employee for going anywhere in…
