Comparison Between Trust, Society and Section 8 Company

Comparison Between Trust, Society and Section 8 Company

Governing Law, Taxation and Compliances S. No. Particulars Trust Society Section 8 Company 1. Meaning A trust is an agreement between parties, whereby trustee holds assets of settlor for the benefit of beneficiary. Society is a collection of persons, who come together...
Taxability of Salary Allowances and Deductions

Taxability of Salary Allowances and Deductions

Introduction As the new financial year i.e. FY 2020-2021 is going to start, there is in mind of every salaried individual about their tax planning and where to invest to reduce the tax liability efficiently. Most of the taxpayer in India regularly have following most...
7 reasons you haven’t received your income tax refun

7 reasons you haven’t received your income tax refun

ITR processed or not The income tax return filed by an assesse needs to be verified by the assesse and the same should be then processed by the department. Income tax refunds are issued once the return is duly processed by CPC. Verification: The return filed by the...