Section 80DDB of the Income Tax Act in India provides a deduction for individuals and Hindu Undivided...
Section 80JJAA of the Indian Income Tax Act, 1961 provides a valuable deduction for employers who create...
Section 80GG of the Income Tax Act allows individuals to claim deductions for the rent paid when they...
Understanding of Capital Gain
When it comes to the transfer of shares or debentures by non-residents,...
As per Section 44AA and Rule 6F, persons carrying on Business and Professions specified below are mandatorily...
(1) In the world of business and taxation, there are various provisions and regulations that govern...
Section 55(2) – Cost of Acquisition of Capital Asset for Computing Capital Gain
Cost of acquisition...
1. Provision by the employer of services of a Sweeper, a Gardener, a Watchman or Personal Attendant...
(1) Introduction to Section-72
Section 72, which deals with the carry forward and set off of business...
1. Introduction to Section 80CCD
Section 80CCD of the Indian Income Tax Act, 1961, provides for deductions...
With the increasing concerns about climate change and the need to reduce pollution, there has been a...
![Residential Status [Sections 5 to 9B]](https://incometaxmanagement.in/wp-content/uploads/2023/09/Residential-Status-Sections-5-to-9B.jpg)
1. Scope of Total Income / Incidence of Tax [Section 5]
Total income of an assessee cannot be computed...
Term life insurance, also known as pure life insurance, is a type of life insurance that guarantees payment...
(1) Introduction to Section-71 (Inter-Head Adjustment)
Under the Indian Income Tax Act, 1961, taxpayers...
1. Introduction to Section 70 –
The Indian Income Tax Act, 1961, provides various provisions for...
1. Provision inserted under Clause ( c ) of explanation to Section 10(4D) applicable w.e.f. 2022-23
As...
Kisan Vikas Patra is a certificate scheme from the Indian post office. It doubles a one-time investment...
Income tax laws in India provide various deductions and exemptions to taxpayers, helping them reduce...
1. Provisions of Section 79 not to apply In case of Strategic Disinvestment of Public Sector Companies...
The provisions, which are being discussed under various sub-sections of section 40A have overriding effect ...