Unabsorbed Depreciation: Section 32(2) of the Income Tax Act
Depreciation is a reduction in the value of assets because of regular usage. It is recorded in the books of accounts as an expense and is...
top of page
One stop for everything related to taxes,
Our Blogs
The latest industry news, interviews, and resources
Bhavika Rajput
May 87 min read
Section 40A(3A) of the Income Tax Act: Implications of Cash Transactions in Business
Under Section 40A(3) of the Income Tax Act, expenses paid in cash over a specific limit are not deductible, which supports the promotion...
2,4810
Bhavika Rajput
May 89 min read
Section 40(a): Disallowances of Certain Expenses and their Impact
Section 40(a) of the Income Tax Act is a crucial provision that can have a significant impact on a taxpayer's allowable deductions and...
25,3760
Rajesh Kumar Kar
May 89 min read
Set Off and Carry Forward of Losses
Set Off and Carry Forward of losses are key tools for both individual taxpayers and businesses, helping optimize tax management over...
14,1990
Dipali Waghmode
May 713 min read
TDS on Rent: Explore Section 194I, Applicability, Limit, Rate
When it comes to renting property or equipment, there’s more to consider than just the rental agreement. Under the Indian Income Tax Act,...
5,2580
Bhavika Rajput
May 76 min read
TDS Certificate: How to Download Online?
Tax Deducted at Source (TDS) certificates are essential documents for taxpayers, serving as proof that taxes have been deducted from...
3,3330
Rajesh Kumar Kar
May 78 min read
80C: Explore Section 80C of the Income Tax Act
When it comes to tax planning, Section 80C of the Income Tax Act is one of the most valuable tools available to Indian taxpayers. It...
8340
Bhavika Rajput
May 66 min read
Standard Deduction: Under New and Old Tax Regime For Salaried Individuals
The standard deduction is a crucial tool for salaried individuals, which helps them to reduce their taxable income. With the coexistence...
4910
PRITI SIRDESHMUKH
May 68 min read
Standard Deduction under Section 16(ia): For Salaried Individuals in New & Old Tax Regime
The Income Tax Act not only outlines how individuals' incomes are taxed but also offers various opportunities for claiming refunds and...
3,9920
Dipali Waghmode
May 38 min read
EPF Interest Rate: Taxable Interest on Provident Fund in 2024
The Employees Provident Fund and Miscellaneous Act, of 1952 established the Employee Provident Fund (EPF), a retirement...
8,0520
bottom of page