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HRA Exemption Calculator Basic Salary (Monthly): HRA Received (Monthly): Rent Paid (Monthly): City Type: Metro (Delhi, Mumbai, Kolkata, Chennai) Non-Metro Exemption Amount (Annually): Understanding the HRA Exemption Under Income Tax Act, 1961 House Rent Allowance, commonly known as HRA, is...

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House Rent Allowance (HRA) is a significant component of a salaried individual's total income in India. Recognizing the additional cost of living for those who rent homes, the Income Tax Act, 1961 provides provisions for exemptions on HRA. In this...

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The Annual General Meeting (AGM) is a significant event in the corporate calendar of both private and public limited companies in India. As a mandatory yearly gathering, the AGM serves as a platform for shareholders and directors to discuss and...

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The process of appointing an auditor is of paramount importance for ensuring the accuracy and transparency of a company's financial statements. In India, the formalization of an auditor's appointment is done through the filing of Form ADT-1. Here's a detailed...

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Form AOC-4 is a pivotal compliance document in the context of companies registered in India. This form is used for the filing of a company's financial statements, capturing the financial health and operations of the company for a particular financial...

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Form MGT-7 is an essential compliance document that every company registered in India, be it public or private, needs to file annually. This form is filed as a part of the company's annual returns. What is Form MGT-7? Form MGT-7...

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Registering a company as a Private Limited entity is a popular choice for many entrepreneurs due to its benefits like limited liability, perpetual succession, and ease in raising capital. However, with these advantages come certain regulatory compliance requirements that are...

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Understanding the nuances of taxation can be daunting for many, especially when it comes to indirect tax deductions. One such concept, predominantly used in India, is the Tax Deducted at Source or TDS on salary. In this article, we delve...

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Residential Status as per Income Tax Act, 1961 The residential status of an individual plays a pivotal role in determining the tax liability on their global and Indian income. The Income Tax Act, 1961, clearly defines categories of residential statuses...

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Double Taxation Avoidance Agreements (DTAA) under the Income Tax Act, 1961 Double Taxation Avoidance Agreements (DTAA) play a pivotal role in fostering international trade and investment. These agreements prevent the same income from being taxed in two different countries. India,...

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