Direct & Indirect Taxes, Tax Ready Reckoner for AY 2022-23 & 2023-24

Incomes which are exempt The following incomes derived by a political party are not included in computing its total income:...

Deduction allowed to newly established Units in Special Economic Zones (1). Assessees who are eligible for deduction: Deduction under this...

1.  Agricultural Income Agricultural income is totally exempt, provided it falls within the definition of agricultural income given under section...

1.  Scope of Total Income / Incidence of Tax Total income of an assessee cannot be computed unless we know...

1.  Income Tax Law An understanding of the Income-tax law requires a study of the following: (I)        The Income-tax...

Under the Explanation to section 288(2), an "Accountant" means a chartered accountant within the meaning of the Chartered Accountants Act,...

  Relevant Rule of IT Rules Relevant Section of IT Act Prescribed Audit Report Relevant Form No. if any 5AC...

The National Savings Certificate (NSC) is a fixed Income Investment scheme that you can open with any post office branch....

Term life insurance, also known as pure life insurance, is a type of life insurance that guarantees payment of a...

National Pension System (NPS) is a retirement benefit Scheme introduced by the Government of India to facilitate a regular income...