Tag Archives: #FinanceRules

What is 15CA?

  15CA definition Form 15CA is a declaration form required by the Indian government for certain remittances made by residents of India to non-residents. It is used to ensure that appropriate taxes deduct and pay to the government before the funds are transferred abroad. 15CA definition When an Indian resident makes a remittance to a… Read More »

How do you know if a company is GST registered?

Verifying GST Registration of a Company Verifying GST registration of a company, Statutory audit and tax audit are two distinct types of audits conducted for different purposes. Statutory audit: A statutory audit is perform to ensure that a company’s financial statements provide an accurate and fair view of its financial position and performance. It is… Read More »

Which allowances are taxable under the Income Tax rules of India?

Taxable allowances Taxable allowances, Under the Income Tax regulations in India, certain allowances are subject to taxation. Some of the commonly taxable allowances include: Dearness Allowance (DA): DA is an allowance provided to employees to offset the impact of inflation. It is fully taxable. House Rent Allowance (HRA) HRA is an allowance provided by employers… Read More »