Post by: Sreeram Viswanath in Income Tax Personal Finance
Notice for Defective Return Under Section 139 (9) An income tax return is considered "defective" if it is not filed as per the requirements of the Income Tax Law. If a taxpayer has filed a defective income tax return, the…
Post by: IndiaFilings in Income Tax Personal Finance
Section 80TTB Deduction The Budget 2018 has introduced a new Section 80 TTB in the Income Tax Act. The new section offers a tax deduction to assessees in lieu of the existing Section 80TTA deduction. Under Section 80TTB deduction, senior…
Post by: Sreeram Viswanath in HR Regulations
Retrenchment Compensation Retrenchment is the termination of an employee by an employer for reasons other than a punishment meted out by disciplinary action. Employees terminated in such a manner are financially compensated by the employer. This kind of compensation is…
