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Are you looking to reduce your tax liability and maximize your tax benefits? One of the most effective ways to achieve this is by taking advantage of deductions and credits …
Read MoreSection 139 of the Income Tax Act 1961 is related to several filings for specific individuals and deadlines for any individual and non-individual assessee. Section 139 of the Income Tax …
Read MoreWe all have known that the India’s major income tax comes from the service sector employees who have been paying those taxes directly to the governments. So, Trutax would like …
Read MoreHouse Rent Allowance, is a part of the service sector for people who are living in rented space. Being part of a salary, HRA is an exception as it is …
Read MoreTo improve the literacy rate in the country, the government of India has launched number of tax exemptions that allows citizens of the country to reduce taxes on their incomes. …
Read MoreAlmost all of us sometimes in our lives opt in for charities or doing a thing for a society. It’s a commendable thing to donate to a cause that you …
Read MoreThe Section 80TTA gives a derivation of Rs 10,000 on interest monetary benefit to a private and hindu unified family. underneath this segment the derivation is permitted on revenue achieved …
Read MoreSpending money for your health is the biggest investment in 2020, & COVID-19 made it almost compulsory to focus on it. But government of India has been promoting it since …
Read MoreClause 80C of the Income Tax Act of India is a provison that focuses to different consumptions and investments that are excluded from Income Tax. It takes into account a …
Read MorePermanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated tamper proof card, by the Income Tax Department of India. While many of us …
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