HRA and the process

admin/ August 11, 2018/ Uncategorised/ 0 comments

Income tax (I-T) officials will intensify their focus on tax deducted at source (TDS) in the coming months, especially in relation to sale of property by non-residents and other international transactions. Surveys will also be carried out for detecting noncompliance with obligations regarding withholding tax — a move that has come in for criticism from some tax practitioners as it

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admin/ July 24, 2018/ Uncategorised/ 0 comments

For most employees, House Rent Allowance (HRA) is a component of their salary structure. Although it is a part of your salary, HRA, unlike basic salary, is not fully taxable. Subject to certain conditions, a part of HRA is exempted under Section 10 (13A) of the Income-tax Act, 1961. The amount of HRA exemption is deductible from the total income

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