Taxgyany

Best Industrial Undertakings in the North-Eastern Region

Industrial Undertakings in the North-Eastern Region

INTRODUCTION Industrial Undertakings in the North-Eastern Region The north-eastern region of India comprises eight states with significant potential for industrial growth. To encourage and promote industrialization, the government has implemented special measures. Industrial Undertakings in the North-Eastern Region The North-East Industrial and Investment Promotion Policy (NEIIPP) of 2007 outlines specific provisions for certain industrial undertakings … Read more

Best Section 40A (3) of income tax act

Section 40A (3) of income tax act

Section 40A (3) of income tax act Section 40A(3) of the Income Tax Act, introduced as an amendment in 2009, imposes restrictions on cash payments or receipts exceeding a specified threshold. Section 40A (3) of income tax act This section disallows tax deductions for expenses exceeding Rs. 10,000 made in cash on a single day. … Read more

Best Section 40A(2) of income tax act

Best Section 40A(2) of income tax act

Introduction:-  Best Section 40A(2) of income tax act addresses payments made to relatives and associated individuals. It stipulates that if an assessee incurs expenses intended for payment to a specified person, and the Assessing Officer deems such expenditure excessive or unreasonable in relation to the fair market value of the goods, services, or facilities provided, or … Read more

Depreciation rate list as per income tax act

Depreciation rate list as per income tax act

Depreciation rate list as per income tax act Introduction:   Depreciation is a critical aspect of income tax compliance for businesses, as it allows them to account for the wear and tear of assets over time. The Income Tax Act provides specific depreciation rates for different categories of assets, which businesses must adhere to when … Read more

Easy Sections 11 and 12 in Income Tax Returns

Sections 11 and 12 in Income Tax Returns

Introduction: Income tax returns can be daunting for individuals and entities alike, especially when navigating complex sections like 11 and 12. These sections hold significance for trusts, institutions, and charitable organisations, outlining conditions that dictate their tax treatment. In this blog, we’ll explore the conditions for the applicability of Sections 11 and 12 in income … Read more

Sign Up Newsletter

Sign up our newsletter and save 25% off for the next purchase!

Subscribe to our newsletters and don’t miss new arrivals, the latest fashion updates and our promotions.