Form 16 is a crucial document for salaried employees in India, particularly as the income tax return (ITR) filing season for ...

The ITC was denied because the petitioner filed GSTR-3B returns beyond the due date stipulated in Section 16(4) of the WSBGST/CGST Act, 2017. The petitioner challenged the order passed under Section ...

Per the current tax laws (Income Tax Act, 1961), taxpayers can adjust their salary structure by utilising specific allowances ...

Congress has the “power to lay and collect taxes,” including an income tax, but, under two constitutional provisions (Article I, Section 2, Clause 3; Article I, Section 9, Clause 4), direct ...

To claim the LTA exemption without Form 16, you must appropriately declare it in your Income Tax Return (ITR). According to ...

The CBDT circular has been issued on 20 February 2025, and it will be applicable to the tax returns of the financial year 2024-25 (i.e. assessment year 2025-26).

Entertainment allowance: Entertainment allowance and professional tax as covered in section 16(ii) and section 16(iii) respectively Besides these, one can claim some special exemptions and ...