1. [Section 80C]: Deduction in respect of Life Insurance Premium, Deferred Annuity, Contributions to...
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(1) When a company goes into liquidation, it is important to understand the implications it can...
Understanding of Section 80D Section 80D of the Income Tax Act provides individuals with a deduction...
The tax treatment of interest, premium, or bonus on specified investments is governed by Section 10(15)...
Under Section 56(2)(ib) of the Indian Income Tax Act, 1961, income from winnings is subject to taxation....
Investment planning is an essential aspect of financial management, especially for middle-class families....
Section 92 of The Income Tax Act 1961, states that any income, expenditure interest & allocation...
Understanding of Capital Gain When it comes to the transfer of shares or debentures by non-residents,...
Section 80JJAA of the Indian Income Tax Act, 1961 provides a valuable deduction for employers who create...
Agricultural income and its tax treatment in India fall under Section 10(1) of the Income Tax Act, 1961....
1. Section 35(1A) relating to Filing Of Statement of any sum received by a Research Association, University,...
Tax on Non-Agricultural Income with partial Agricultural Income As already discussed, there is no tax...
Education is an essential aspect of personal and professional growth. However, pursuing higher education...
1. Litigation management when in an appeal by revenue an identical question of law is pending before...
Ministry of Finance CAPITAL GAINS TAXATION SIMPLIFIED AND RATIONALISED SHORT TERM GAINS TO ATTRACT A...
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1. What is PAN? PAN stands for Permanent Account Number. PAN is a ten-digit unique alphanumeric number...
Understanding of Section 54B Agriculture plays a vital role in the economy of many countries, providing...
Being a Member of Parliament (MP) or a Member of Legislative Assembly (MLA) is a position of great responsibility....
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1. Computation of Income under the head Income from “Salaries” The first head of income is...
Every person shall quote his permanent account number in all documents pertaining to the transactions...