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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What are Allowances and types of Allowances?

Taxpayers are usually aware of deductions under Section 80C of the Income Tax Act for which they are eligible. However, it is noticed that taxpayers are unaware of taxability of …

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Income Tax Return: Filing ITRs to become easy as CBDT notifies new Form 26AS

Now your form 26AS will not just have information about total income tax paid or refund received, but also about pending and completed proceedings under Income Tax Act. The Central …

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Income Tax Relaxation In Covid-19 Relief Packages

Nirmala Sitharaman finance minister has announced new tax measures for the Covid-19 relief package. As Prime Minister Narendra Modi has earlier promised an economic relief package for Indian people in …

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Revised Dates For Filing Income Tax and GST Return

Income Tax  The due date for filing Income Tax Return for Financial Year 2018-19 is revised to 30th Jun 2020 from 31st Mar 2020.  The due date for filing Income …

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All The GST Returns And Their Last Dates To Avoid Late Filing

GST Return has got to be filed by every business but there are differing kinds of GST Returns depending upon the nature and total revenue of the corporate. Apart from …

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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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Why Is It Important To File Your Income Tax Return And GST Return?

Income Tax Return Filing is an annual occurrence and everybody should file it within the given period of time. There variety of advantages in filing for both income tax Return …

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