The  Income Tax Act provides several tax reliefs to reduce the taxable income of individuals and companies. One of such  deduction is made under Section 80JJA of the Income Tax Act and is commonly known as 80JJAA deduction. Section 80 JJAA of the Income Tax Act is a significant provision that aims to promote employment

A company being an artificial person managed by natural persons who are technically called as directors and collectively known as Board of directors. Every form of company should have directors to run and manage its business-like one-person company (OPC) needs to have at least one director, a private limited company needs to have at least

Every individual plan to reduce their tax liability and to support tax planning. The growth of the financial/insurance sectors government has allowed various deductions from taxable income. Section 80C to 80U of the Income Tax Act, 1961 in India provides various deductions to individuals and Hindu Undivided Families (HUFs) to reduce their taxable income and

There was a prolonged debate going on whether Hostel accommodation provided to students falls under Entry 13 of Notification No. 09/2017 dated September 28, 2017 namely ‘Services by way of renting of residential dwelling for use as residence and was exempt or the same will be covered under S. no. 12 and 14 of the