Guides on Tax Deductions
The dearness allowance is the cost of living adjustment paid by the government to the employees of the public-sector units. It is calculated as a percentage of the basic salary. In this comprehensive guide by H&R Block India, dearness allowance has been explained.
A rental agreement is not only important for between landlord and tenant but it is also useful for availing of HRA exemptions from the employer. Read this guide by H&R Block India to know more about rental agreements.
Do you know that certain tax deductions are allowed on expenses when they are actually paid as per the provisions of section 43B of the Income Tax Act? Read this comprehensive guide to know about all such expenses and relevant tax deductions.
Infrastructure build assets for the country and makes it important for the government to prioritise the same. Section 80IA looks for the deductions and tax holiday to industrial undertakings and infrastructure development. Know more under this guide of H&R Block, India.
Learn who can avail tax rebate u/s 87a of Income Tax Act. In this guide by H&R Block we discuss about the eligibility criteria for claiming rebate under section 87a for AY 2018-19 and AY 2019-20. Click here to read the guide now!
Section 40A(2) empowers AO to disallow payments made by the assessee to relatives/ close associate. In this comprehensive guide by H&R Block, the list of specified person and the substantial interest has been discussed.
Introduction of Section 50C, Section 56 (2) (vii), a detailed analysis of its sections, provisions and taxability. Learn more about Capital Gains on sale of immovable property in this detailed guide by H&R Block India.