#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?

Introduction Allowances are additional financial benefits given by employers to employees apart from their basic salary. While some allowances are fully taxable, others enjoy partial or complete exemption under the Income Tax Act, 1961. Understanding the taxability of various allowances is crucial for both employers and employees to ensure proper tax planning and compliance.… Read More »