Differences between Section 80DD, Section 80DDB and Section 80U

Medical treatment and disability-related fees can be a considerable financial burden for an individual or family. The Indian income-tax legislation allows for certain deductions in circumstances...

What is Section 80DDB? Eligibility, Deduction Limit, Diseases Covered & Tax Benefits

Resident individual taxpayers and Hindu Undivided Families (HUFs) may deduct medical costs for the treatment of certain illnesses and conditions under Section 80DDB of the Income Tax Act. Subject to...

What is Section 80U? Eligibility, Deduction Limit, Documents & Tax Benefits

A resident with a documented disability may deduct a fixed amount from their taxable income under Section 80U of the Income Tax Act. If the taxpayer satisfies the eligibility requirements and has a...

What Is Partnership at Will? Meaning, Features, Registration, Advantages & Dissolution

A Partnership at Will is a partnership firm that has no fixed duration and no predetermined method of dissolution. Governed by Section 7 of the Indian Partnership Act, 1932, it allows any partner to...

Useful Income Tax Deductions to Save Taxes in India: Complete Guide

By claiming qualified investments, costs, and financial commitments under the Income Tax Act, taxpayers can legitimately lower their taxable income and save taxes. With over 45,500 successful reports...

When Is an E-Way Bill Not Mandatory? GST Rules Explained

Sharda Associates assists entrepreneurs in creating CA-certified, bank-ready financial projections, DPRs, CMA data, and DSCR workings based on their company model, including adjustments as required by...

What is an E-way bill?

Sharda Associates provides professional support with GST registration, E-Way Bill creation, GST return filing, tax compliance, logistics documentation, accounting services, MSME registration, project...

E-Invoicing Under GST: Applicability, Rules & Process

Issuing an invoice that appears to be legitimate but was never reported to the Invoice Registration Portal can render that invoice legally invalid under GST — and the consequent input tax credit...

How to save tax on capital gain?

Managing capital gain tax calculations, exemption claims, and documentation can be confusing for many taxpayers. Even a small mistake in calculation or delayed investment may increase tax liability or...