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Tax-Efficient Remuneration Strategies for Directors in India: A Comprehensive Guide

Below is the table that outlines various remuneration methods for directors, their maximum limit (where applicable), and whether tax is applied or not. Remuneration Type Maximum Limit Tax Applied Business-Related Reimbursements Actual expenses incurred No Medical Reimbursements ₹15,000 per year No Dividend Income ₹10 lakh per year (tax-free) Yes, beyond […]

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How to Use Technical Analysis to Predict Stock Movements

Introduction Technical analysis involves examining past market data to predict future price movements. Unlike fundamental analysis, which evaluates a company’s financial health, technical analysis focuses on price action and volume. It has evolved significantly over the years, becoming an essential tool for traders worldwide. Understanding technical analysis can help investors […]

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ITR: Are you eligible to claim exemption in respect of transport allowance to commute between the place of his residence

Are you eligible to claim exemption in respect of transport allowance to commute between the place of his residence and the place of his duty [ Refer Section 10(14)(ii) read with Rule 2BB(2)(11) ] Section 10(14)(ii) This section of the Income Tax Act provides exemptions for specific allowances granted to […]

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ITR: Are you eligible to claim exemption in respect of expenditure incurred on cost of travel on tour or transfer or helper etc

Are you eligible to claim exemption in respect of expenditure incurred on cost of travel on tour or transfer or helper etcAre you eligible to claim exemption[ ReferSection 10(14)(i)read withRule 2BB(1)(a) to (c)] What is This? This question relates to claiming tax exemptions for certain expenses. Applicability It is applicable […]

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Comprehensive Comparison of ITR1, ITR2, ITR3, and ITR4 Forms

ITR1 (Sahaj) Applicability: Resident individuals with total income up to ₹50 lakh ITR2 Applicability: Individuals and HUFs not having income from business/profession ITR3 Applicability: Individuals and HUFs having income from business/profession ITR4 (Sugam) Applicability: Resident individuals, HUFs, and Firms (other than LLP) opting for presumptive taxation Key Points to Note: […]

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