chamber of tax consultants

MUMBAI: House rent allowance (HRA) is the most common component in salary slips. Those staying in a rented house can reap tax benefits available for HRA. In its pre-Budget memorandum and discussions with officials of the Central Board of…

MUMBAI: Income-tax (I-T) is a progressive tax mechanism, the more you earn the more you pay. Understandably, the very rich, having a taxable income of over Rs. 5 crore pay tax at the rate of 42.74%, whereas those having a taxable income of…

The Chamber of Tax Consultants has approached the Bombay High Court to challenge the constitutional validity of provisions dealing with the ‘Faceless Appeal Scheme’. One of the oldest industry bodies of professionals has argued that there…