#IndiaFinance Archives - Knowledge Base

What is the threshold limit of balance sheet for Organizations, Charitable and Social Service?

Balance Sheet Threshold for Organizations The threshold limit for balance sheet reporting varies for different types of organizations in India. Non-profit organizations, including charitable and social service entities, have specific requirements based on their annual income and activities. For organizations, charitable trusts, and social service entities in India, the threshold limit for balance sheet… 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 »