![80jja section of income tax & deductions](https://cdn-scripbox-wordpress.scripbox.com/wp-content/uploads/2024/03/80jja-of-income-tax-act.webp)
Section 80JJA of Income Tax Act
If used efficiently, biodegradable resources can help reduce different types of pollution and bring ecological balance. Section 80JJA of the Income Tax Act provides tax deductions to businesses that have earned gains or profit through efficiently using biodegradable waste. To...
![Know if is gratuity taxable in India and is gratuity taxable for private employees?](https://cdn-scripbox-wordpress.scripbox.com/wp-content/uploads/2024/03/income-tax-on-gratuity.webp)
Income Tax Exemptions on Gratuity: Eligibility Criteria, Taxability and Exemption
If a professional has worked in an organisation for more than five years now, they might be aware of gratuity. They might Google questions like these: Is gratuity taxable or not? Is gratuity taxable in India? What is tax exemption...
![Type of ITR forms](https://cdn-scripbox-wordpress.scripbox.com/wp-content/uploads/2024/03/type-of-itr.webp)
Types of ITR Form and What type of ITR applies to me ?
Whenever one talks about income, paying taxes and filing income tax returns are important components. Income Tax Return or ITR can be filed with the help of a form in which one can disclose their earned income and the resulting...
![What is condonation request?](https://cdn-scripbox-wordpress.scripbox.com/wp-content/uploads/2024/03/condonation-request-meaning.webp)
Steps for Filing Condonation Request for ITR Verification Delay
If someone has failed to file your Income Tax Returns (ITR) or has failed to e-verify before the due date, filing a condonation request can be helpful. Condonation Request Meaning In India, the annual deadline for filing ITR is July...
![interest on refund of income tax](https://cdn-scripbox-wordpress.scripbox.com/wp-content/uploads/2024/03/interest-under-section-244a-of-income-tax-act.webp)
Section 244A: Know about Interest on Income Tax Refund
What is the Interest on income tax refund? You might have surely Googled it if your ITR refund is pending for FY 2023-24. Interest on refund of income tax returns applies when your refund of excess tax is pending after...
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![Tax on leave encashment on retirement for psu, bank, private employees](https://cdn-scripbox-wordpress.scripbox.com/wp-content/uploads/2024/03/tax-on-leave-encashment.webp)
Tax on Leave Encashment for Government & Private Employees
Every employee receives certain types of leaves throughout the year till they are in a company. Popular types of leaves are sick leaves, casual leaves, ordinary leaves, maternity leaves, earned leaves and others. You can carry forward some of these...
![What is mat in income tax and full form of mat](https://cdn-scripbox-wordpress.scripbox.com/wp-content/uploads/2024/03/mat-in-income-tax.webp)
Minimum Alternate Tax (MAT) in Income Tax
MAT tax, or Minimum Alternate Tax, ensures that enterprises pay a minimum tax amount to the Government of India (GoI). MAT income tax was introduced by the Finance Act 1996. The current MAT tax provisions were introduced in Finance (No.2)...
![Section 269ss of income tax act](https://cdn-scripbox-wordpress.scripbox.com/wp-content/uploads/2024/03/section-269ss-of-income-tax-act.webp)
Section 269SS of the Income Tax Act
Section 269SS of the Income Tax Act is about cash deposits, loan repayment or specific account deposits. It acts like a watchdog for tax evasion using unfair means like cash deposits and concealing deposit information on the face of loan...