Blogs

House Rent Allowance (HRA) is a crucial component of an individual’s salary, aimed at providing financial support for rental housing expenses. Section 10(13A) of the Income Tax Act, 1961, allows salaried employees to claim tax exemption on HRA, thereby reducing their taxable income. In this blog, we will explore the eligibility, exemption calculation, conditions, and …

Understanding House Rent Allowance (HRA) under Section 10(13A) of the Income Tax Act Read More »

1. What is Income Tax? Income tax is a direct tax imposed by the government on an individual’s or entity’s income. It is levied based on the income earned during a financial year (April 1 – March 31). Income is not same as Sales / Turnover. In case of businesses Income is generally the profit …

Basics of Income Tax: What is Taxable Income & How Tax Slabs Work? Read More »

In an increasingly digital world, cybersecurity has become the cornerstone of trust in online interactions. With data breaches, ransomware attacks, and cybercrimes on the rise, robust cybersecurity measures are indispensable. The introduction of India’s Digital Personal Data Protection Act, 2023 (DPDP Act) is a major step toward addressing data security and aligning it with modern …

Cybersecurity in the Digital Era: Linking It with the Digital Personal Data Protection Act, 2023 Read More »

The Digital Personal Data Protection Act, 2023 (DPDP Act) marks a significant leap in India’s regulatory framework for protecting personal data and ensuring privacy in the digital era. This article highlights the key provisions, objectives, and implications of this landmark legislation. Introduction With the exponential rise in digital interactions, safeguarding personal data has become crucial. …

Digital Personal Data Protection Act, 2023: A Step Towards Data Security in India Read More »

In today’s rapidly evolving business landscape, having a solid foundation in taxation and legal principles is crucial for students pursuing the Chartered Accountancy (CA) course. Beyond academic knowledge, understanding these concepts builds ethical awareness, enhances professional competency, and prepares students for informed decision-making. This article explores why taxation and legal concepts are essential for CA …

The Importance of Basic Understanding of Taxation and Legal Concepts for Students of Chartered Accountancy Read More »

India provides various tax benefits to help startups reduce their tax liabilities, freeing up capital and resources for reinvestment and growth. These benefits play a crucial role in enhancing profitability and enabling startups to scale efficiently. Here’s an overview of the tax incentives available to startups in India: 1. Tax Holiday Under Section 80-IAC Government-recognized …

How Startups Can Benefit from Tax Incentives in India Read More »

Creating a financial plan is one of the most critical steps for any startup. It helps manage finances effectively, forecast growth, and attract potential investors. Following points to be consider for preparing financial plan: Start by setting Clear goals. Think about what you want to achieve in the short term, like covering your basic costs, …

How to Create a Financial Plan for Your Startup Read More »

One of the most crucial decisions an entrepreneur must make when venturing into business is selecting the appropriate business structure. This choice affects not only the legal obligations but also the operational flexibility, taxation, and liability of the business. In India, the legal framework provides various options for business entities, each suited to specific needs. …

Choosing the Right Business Structure Read More »

The economy has been through so much of ups and downs in the stock market in 2018 that it has become difficult to predict the market in 2019 Investing comes with risks which makes everyone a bit afraid …… including myself. And the market moving up and down does not help at all. But then …

Top 8 Tax Saving Mutual Fund Investment in 2019 Read More »

Sagar was working with Infosys Ltd. since Jan 2022. But in the FY 2022-23, he got a good jobopportunity at Wipro Ltd. at a senior level. He switched to his new job role in Wipro from 1 st Jan