Come January, it is time to claim your annual reimbursements such as medical and leave travel allowance (LTA). These reimbursements are as good as tax savings. The difference being that you submit the required bills and treat them as tax-free income If LTA forms a part of your salary, the...
ITC reconciliation is the process of verifying the details of purchase data submitted by the taxpayer with the details filed by the supplier in GSTR 1. The supplier’s information is autommusty reflected in the taxpayer’s GSTR 2A. This allows validation of the information provided by the supp...
The ground feel is that even though it helps our senior citizens with their medical bills albeit less generously than the Pioneer Generation Package (PG), there are also quarters who conclude it is pungently timed with the election cycle, giving off the odour of an unfair advantage aimed at ...