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CA Ghansham Joshi What is Growth Rate – Growth Rate is the amount of increase that a specific variable has gained within a specific period and context. Example – Consider the below table of Sales of a company and its annual sales growth rate – Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Sales 54.20 76.00 … Read more
Under Section 80D of the Income Tax Act, deduction in respect payment made towards Health Insurance Premium and Preventive health check-up is allowable as deduction from total income. Who can claim the deduction & for what? – Individual or HUF can claim deduction under this section in respect of payment made by them towards:- 1. … Read more
One of my student, we lovingly calls him Mr. Doubtful, has always doubts even in simple provisions. The main reason was that he was in too hurry to read and understand the whole provision. While learning the Taxability of Leave Travel Assistance in the Income from Salary chapter he asked very wonderful questions!!! 1) Sir, … Read more