The What & Why Of Advance Tax

advance tax sms

Reading Time: 3 minutesIf you don’t pay advance tax or miss any of the installments, then you shall be liable for the payment of interest under sections 234B and 234C. In this article we understand advance tax and its technicalities.

194J – TDS Section Which You Should Be Aware Of

194J

Reading Time: 3 minutes194J is a crucial tax deduction section which is applicable to all professionals like doctors, experts etc. If deduction under section 194j is not done then the tax deductor has to disallow 30% of the expense from their PGBP income which can lead to increase in profits and higher tax liability.

Model Tenancy Act 2021 – A Synopsis

Model Tenancy Act 2021

Reading Time: 3 minutesThe existing rent control laws lack transparency and accountability. Therefore, to overcome such obstacles and maintain balance among both the parties, the Model tenancy act, 2021 came into force. Hence, the act will encourage the growth of rental housing.

Form DPT 3

dpt3

Reading Time: 3 minutesFor claiming HRA deduction, it is necessary that you must have rent receipts showing the amount of rent paid, landlord name, and property address. However, there could be special cases where you can show rent even if you are not paying to claim HRA benefits

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