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Perquisites, also known as non-cash benefits, form a significant part of the compensation package for many employees. These benefits,...

Paying rent to a spouse or renting a property owned by a spouse can raise several concerns under the Income Tax Act in India,...

In today's digital world, referral programs, cashback offers, and reward points have become popular ways for individuals to earn income....

The Income Tax Return (ITR) filing process has evolved over the years, with technological advancements making it easier for taxpayers to...

The Annual Information Statement (AIS) has become an essential tool for tracking and reporting income and financial transactions,...

Freelancers in India often juggle multiple clients and various streams of income, making tax filing a complex and sometimes overwhelming...

Form 15H is a key document for senior citizens in India, allowing them to submit a declaration to prevent the deduction of Tax Deducted...

Interest income is a crucial source of income for many taxpayers in India, often coming from savings accounts, fixed deposits, recurring...

Form 26AS is an important document for taxpayers, as it provides a summary of the Tax Deducted at Source (TDS) and TCS (Tax Collected...

Section 44ADA of the Income Tax Act provides a simplified taxation scheme for professionals who are eligible for a presumptive taxation...