About: Every company has to conduct a meeting on a regular interval of its board of directors to discuss important policies and issues within the organization. In this article, we are going to understand the insights of the procedure and manner of the board meeting. The number of board meetings Every company shall hold...
Continue readingDeductions under Section 80GGB
Section 80GGB of the Income Tax Act 1961 deals with a deduction for donations and contributions made directly or indirectly by an Indian Company to political parties or electoral trusts. Tax Deductions under Section 80 GGB An Indian company can claim deduction under section 80GGB of the Income-tax Act,1961 in case of donation made...
Continue readingSukanya Samriddhi Yojana
Sukanya Samriddhi Yojana (SSY) is a government-sponsored scheme, it is launched for the benefit of the girl child. With assured return income and tax exemptions available, this scheme is the ideal option for the parent or legal guardian of a girl child, to provide for her higher education and/or marriage and secure her financial...
Continue readingReal Estate Regulatory Authority(RERA)
India has a vast population in which we have basic needs including food, house, and jobs in an ever-increasing mode. The need for house among these fields is one of the major which every one needs the most. In this sector, thousands of people have grown to be rich and create a huge amount...
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What is ITR? Income Tax Return is a form in which the taxpayers file their details about his income earned and tax applicable to the income tax department. The Income Tax department has notified various types of forms i.e. The taxpayer should file his ITR on or before the specified due date. ITR forms...
Continue readingIncome from Other Sources
Income especially including under this head Section 56(2) The following incomes shall be chargeable to income tax under this head- The dividend, other than the dividend referred to in section 115-O Income by the way of winning from lotteries, crossword puzzles, race including horse race, card game and other game of any sort or...
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