Tax Benefits – House Rent Allowance (HRA) Vs. Rent Free Accommodations (RFA) Posted: 25 May 2013 06:51 PM PDT In case the House Rent Allowance (H.R.A.) is provided then there will be a tax savings (Please refer Valuation sheet for details). The above mentioned savings is mainly because of the methods Income tax act and Rules employs for valuation of taxability of H.R.A and Rent Free Accommodations (R.F.A.). |
Recovery action against directors of non-existent company not justified:
Madras HC
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Madras High Court held that recovery action against the Directors of the
company under the provisions of the Tamil Nadu General Sales Tax Act, 1959,
Cent...
13 hours ago
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