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When withholding and reporting taxes for personal use of a company vehicle, follow the rules for withholding from and reporting on non-cash fringe benefits. Pro tip: Have employees keep detailed records, such as mileage, business purpose, and time and place of travel. That way, you have the...
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June 14, 2024CA VineetaIncome Tax News and Articles, Taxes in India 5 Minutes Read An employer usually refers to your initial base salary when discussing your pay. To form your complete ‘salary package,’ they incorporate different elements on top of this figure. These additions consist of ...
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Tax deductions can be useful for people who give enough money to itemize their taxes, so it makes sense to be strategic if that is a goal. In those cases, work with a financial advisor to make sure the donations and tax accounting are done properly. Know which types of organizations can...
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