All about House Rent Allowance to save tax

All about House Rent Allowance to save tax
House Rent Allowance (HRA) is a common component of their salary structure. Although it is a part of the salary, HRA, unlike basic salary, is not entirely

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Is your single premium life insurance policy eligible for tax benefits?

Is your single premium life insurance policy eligible for tax
benefits?
Life insurance doesn’t necessarily mean that you have to keep paying the premium every year. There are single premium life insurance (SPLI) policies as

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Can you transfer insurance in your name after buying a pre­owned vehicle?

Can you transfer insurance in your name after buying a pre­-owned vehicle?
I have recently bought a second­ hand vehicle. The vehicle owner has insurance cover for the car. Can it be transferred on my

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Ind AS40 : Investment Property

Ind AS40 : Investment Property
An investment in property is a real estate property that has been purchased with the intention of earning a return on the investment either through rent or resale of the

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Section 80P (4) of Income Tax Act 1961

Section 80P (4) of Income Tax Act 1961
A lot of misunderstanding among the ITATs,Income tax authorities,legal practitioners and Chartered accountants on the applicability of the provisions of Section 80P of Income Tax Act 1961.

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Critical issue of removal of auditor

Critical issue of removal of auditor
Many professionals have been raising question on interpretation/ procedure for removal auditor:-
Situation:
The Companies Act, 2013 permits removal of auditor before completion of his term. The procedure for

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