Author: Durga Medida

Indirect tax refers to a type of tax that is not directly paid by an individual to the government but is instead levied on goods […]

A VAT dealer refers to a person or business entity that is registered under the Value Added Tax (VAT) system and is authorized to collect […]

Entertainment Allowance is a specific benefit granted to employees, generally to cover expenses incurred while entertaining clients or customers on behalf of the organization. Under […]

Salary is a form of periodic compensation paid by an employer to an employee for services rendered under a contract of employment. In India, salary […]

Assessment under Indian Tax Laws refers to the process by which the Income Tax Department determines the correct amount of tax payable by an individual […]

Income tax in India is a direct tax levied by the central government on the income earned by individuals, Hindu Undivided Families (HUFs), companies, firms, […]

Under the Indian Income Tax Act, Association of Persons (AOP) and Body of Individuals (BOI) are important classifications of taxpayers. These terms are used to […]

Under Indian Tax Laws, particularly the VAT (Value Added Tax) regime which was implemented by individual states before the introduction of GST, the cancellation of […]

Income from house property is one of the five heads of income under the Indian Income Tax Act, 1961. It refers to the rental income […]

The residential status of an individual is a crucial factor in determining their tax liability under Indian Income Tax Law. It determines the scope of […]