Leading Ngo Consultancy in Delhi

Blogs

Trusts or institutions who receive income from donations

For the purposes of Section 11, any voluntary accomplishments received by a trust established exclusively for charitable or religious applications or by an institution established exclusively for such purposes (but not contributions ma...

Read more

Speculative income

For income tax reasons, the income produced by taxpayers is divided into five categories which are- salary income, rental income from real estate, profits or gains from business or professions (PGBP), capital gains income, and other ki...

Read more

Expenditure on attainment of patent rights or copyrights

Subject to and in accordance with the requirements of this section, an exemption equal to the appropriate fraction of the amount of such expenditure shall be permitted for each of the relevant prior years with respect to any capital in...

Read more

Profits chargeable to tax

When a loss, expense, or trade responsibility incurred by the taxpayer and afterwards during any prior year has been taken into account in the assessment for any year:-

...

Read more

House rent allowance

In compensation terms, HRA stands for house rent allowance. It is a sum of money that an employer gives to a worker to cover the cost of living at the workplace. HRA may be fully or partially taxable, while being qualified for a deduct...

Read more

Go to top of page