What is Conveyance allowance in Salary Slip?

Conveyance allowance, also known as transport allowance, is a kind of allowance offered by employers to their employees to compensate for their travel expense to and from their residence and …

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What is allowance in income tax?

Taxable Allowance Taxable allowances are those allowances which are part of salary and are not exempted under any section of Income Tax Act. These are taxed as per the tax …

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Importance And Benefits Of Registering Any Business With All The Departments Of Government

Anyone can start a business but it’s important to follow all the procedures and get all registered with all the Government departments for proper functioning. There a number of benefits …

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Intimations Under Section 143

As per the Government norms, in India, it is mandatory for all individuals who have a specified amount of annual income to file for an Income Tax Return and within …

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Tax Deductions Under Section 80

Taxes are an essential ingredient in the composition of the Indian economy. A major portion of the income incurred by the government is accounted for them. This income is the …

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Intimations Under Section 139

According to the Income Tax Act 1961, Section 139 has been formulated to deal with the late filings of returns. If any individual or any non-person entity fails to file …

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