Adjustment Towards Disallowance in Terms of Section 36, are Permissible Under Scope of Section 143 IntroductionSection 36 of the Income Tax Act provides for specific deductions and exemptions for business and professional…

E-Filing ITR for a Sole Proprietorship - A Step-by-Step Guide IntroductionPartnerships and large enterprises must pay tax on their earnings. As a result, a sole proprietorship, like them, must pay…

How to Build an Emergency Fund for Financial Security IntroductionA financial emergency fund is a collection of savings intended to cover unexpected bills or financial emergencies. It acts as a…

How to Calculate ITR HRA Exemption Introduction Consider that you spend $15,000 per month in rent in Bangalore. Your base monthly salary is 70,000, plus a health reimbursement allowance of…

What Is The Penalty for Failure to File a Proprietorship ITR? Introduction The deadline for reporting ITR is before the end of the fiscal year on July 31st. To ensure…

How To Claim TDS Refund Online Introduction TDS is a type of advance tax paid to the central government on a regular basis by the deductor. After filing their ITR, the…

Form 16 & Form 16A - All Differences You Need To Know IntroductionFiling income tax returns above a certain threshold is required. Form 16 is crucial since it serves as…

GST Registration Certificate Uses, Process to Download Introduction The type of registration received determines the validity of the Goods and Services Tax Registration Certificate. If the certificate is issued to…