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Know Everything About GST ITC On Bank Charges

Know Everything About GST ITC on Bank Charges

The ITC on bank charges can be claimed only if it is in furtherance of business. However, there are certain conditions which needs to be fulfilled for availing input tax … Know Everything About GST ITC on Bank Charges Read More »

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Can I claim HRA even if I'm staying at my parents' house

Can I claim HRA even if I’m staying at my parents’ house?

Salaried individuals residing in rented house are entitled to tax exemption on House Rent Allowance (HRA) under Section 10(13A) of the Income Tax Act, 1961. But are you aware of the fact that you, as a salaried individual you can take advantage of this exemption while staying at your parents’ home.

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Can you claim ITC on Food

Know Whether you can claim Input Tax Credit on Food?

The input tax credit on food and beverage supplies are blocked credit for registered person. That is, one cannot claim Input Tax Credit on Food. However, there are certain exceptions … Know Whether you can claim Input Tax Credit on Food? Read More »

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