Interest on Securities
Interest on Securities: Interest on securities can be defined as the sum of interest paid or payable for securities issued by Government organizations or securities…
Business
Allowable Deductions from Interest received on Securities
Allowable Deductions from Interest received on Securities Interest on securities can be defined as the sum of interest paid or payable for securities issued by…
The Rules of Perquisites
Perquisites are incidental payment, benefit, privilege, or advantage over and above regular income, salary, or wages. Any payment made to an employee by an employer…
Perquisites
Perquisites are incidental payment, benefit, privilege, or advantage over and above regular income, salary, or wages. Any payment made to an employee by an employer…
Differentiate between Annual Value and Municipal Value
The annual value of the house refers to the gross rental income from the house property in particular income year. It is the amount for…
Main Features of Recognized Provident Fund
Main Features of Recognized Provident Fund Provident fund is one of the many benefits which any employees of any firm enjoy. It is a compulsory,…
Scope to avoid tax by Cum Interest Transaction and Bond Washing Transaction
The word “taxation” comes from Latin word “Taxio”. It means to determine the payable quantum on the estimate. So, a tax is the revenue collected…
Salary and its Elements
In general, salary means any payment received by an employee for physical and mental work from the employer for a definite time or work. It…
Annual Value
The annual value of the house refers to the gross rental income from the house property in particular income year. It is the amount for…
What are the Tax-free incomes of a company?
A tax-free income remains in the total income. It increases the total taxable income and tax rate of the assessee. This type of income increases…
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