Taxation of Depreciation Under the Income Tax Act
Depreciation is allowed under the Income Tax Act. The Income Tax Act defines depreciation as a reduction in the value of any tangible or intangible...
Section 80DD: Who is eligible to claim a deduction?
A resident who is either an individual or a HUF is eligible to claim a deduction under section 80DD of the Income Tax Act if...
Step-by-Step Instructions for Filing an ITR
You can begin the process by visiting www.incometax.gov.in The first step is to determine your income and taxes owed Below is a step-by-step guide on...
ITR Filing in India – A Complete Guide
An Income Tax Return is used by taxpayers to report their income, expenses, tax deductions, investments, and other financial obligations. Income tax can be filed...
In What Ways Does ITR Filing Help You Obtain Loans?
Besides, of course, the obvious feelings of being a dutiful and responsible citizen of the country, it is imperative that individuals file Income Tax Returns...