Salary structuring

Dear Salaried Tax Payers are you structuring your salary to get maximum relief from tax payable which is being deducted as TDS every month from your salary. To get relief from taxes, you need to do your homework of proper tax planning of your Salary including flexi...
TDS (TAX DEDUCTED@SOURCE)

TDS (TAX DEDUCTED@SOURCE)

Dear Young Accounting Aspirants, today let us talk on TDS which is also tedious for many of us including Professionals. The full form of TDS is Tax Deducted @ Source. Let us interpret this in more detail.  Deducted @ Source means deduction at the time of...
TDS (TAX DEDUCTED@SOURCE)

INCOME TAX AND THE TAXPAYERS OF BUSINESS/SERVICES

The business/service class feels that keeping books of accounts and other records can be a burden on them.  They aver that they will be penalized for lapses that happen unknowingly as they lack expertise in understanding the various sections, meaning and...