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TDS Implication on Reimbursement of Employees salary in Companies

TDS Implication on Reimbursement of Employees salary in Companies

Some employees on the payroll of group firms (including management and non-management cadre) work for the Parent company. We can recover the cost…
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Claim Deduction for Rent Paid Under Section 80GG

The Internal Revenue Service has given taxpayers with a number of Claim Deduction for Rent Paid Under Section 80GG of Income Tax Act…
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What do you mean by Annual Information Statement?

What do you mean by Annual Information Statement?

All About the Annual Information Statement (AIS) - Income Tax Department initiates a new function and makes an update in Form 26AS, this…
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Provision under Set Off and Carry Forward of Losses and their principle

Provision under Set Off and Carry Forward of Losses and their principle

The two sides of a coin are profit and loss. Losses, of course, are difficult to accept. However, the Income-tax law in India…
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