May 15, 2024 · How to Claim HRA Exemption when Filing your ITR? House Rent Allowance (HRA) refers to the allowance paid by the employer to an employee as part of the salary for housing expenses. Understanding the HRA and how it can be exempted from taxable income is essential for taxpayers. Salaried individuals living in a rented house can claim HRA exemption under Section 10 (13A) of the Income Tax Act.

Conclusion Section 194JB of Income Tax Act is a crucial provision for businesses and individuals dealing with professional services. By mandating the Tax Deducted at Source (TDS) deduction, this section helps prevent tax evasion, ensure accurate …

Apr 3, 2024 · Rental Agreement Online - Format & Templates A rental or tenancy agreement is a legal document that lays out the prescribed terms and conditions under which the rented property is leased out, which are to be followed by the landlord and the tenant.

Jan 5, 2024 · LLP Registration Process Limited Liability Partnership (LLP) is a business structure that has gained significant popularity among entrepreneurs in India due to its unique advantages. Combining the benefits of a partnership firm and the limited liability feature of a company, an LLP offers flexibility, credibility, and protection to its partners. In …

Updated on: December 23rd, 2022 12:00 AM SAC Codes for various Services & its Rates SAC Codes or Services Accounting Code is a system of classification developed by the service tax department in India for the classification of services.

Dec 31, 2024 · Learn more: TDS rate chart How to Pay TDS Online? To make a TDS payment online, follow these steps:. Step 1: Go to NSDL's website dedicated to e-payment of taxes. Step 2: Under the TDS/TCS section, select 'CHALLAN NO./ITNS 281.' This will take you to the e-payment page. Step 3: Under 'Tax Applicable,' choose 'Company Deductees' if you deducted TDS while paying a company.

Oct 14, 2024 · Name of the Firm: The name of the PVT company must end with the words "Private Limited." Share Capital: A private limited company must have a minimum paid-up capital of Rs.1 lakh or a higher amount as prescribed. Restrictions on Transfer of Shares: The right to transfer shares in a private limited company is restricted.Shares can only be transferred with the approval of the Board of Directors ...

Complete Guide on Director Identification Number - DIN In business, directors have a particular number like their unique signature– a Director Identification Number or DIN. This number acts as a secret code that helps figure out who's in charge of a company.

Nov 7, 2024 · Marriage Registration in India -Step by Step Guide Marriage is wedlock that is believed to be there till death. Only a person, who thinks he/she has the competence to live his /her entire life in this sacred tied relation being man and wife, should enter the bond.

Oct 21, 2024 · MCA Notification on Companies (Indian Accounting Standards) Second Amendment Rules, 2024 On September 9, 2024, the MCA published the Companies (Indian Accounting Standards) Second Amendment Rules, 2024, introducing significant changes to the Indian Accounting Standards (IndAS) framework. These amendments, made under the Companies Act, 2013, aim to enhance the quality and consistency of ...