Section 80C of the Income Tax Act allows individuals to claim deductions on certain investments and expenses,...
Tax Treatment of Partly Agricultural and Partly Non-Agricultural Income
Tax Treatment of on Composite...
“Deemed profits” are amounts that aren’t traditional business income, but are still taxed as business...
Section 115BAC of the Income Tax Act, 1961, introduces a simplified tax regime with lower slab rates...
1. [Section 80C]: Deduction in respect of Life Insurance Premium, Deferred Annuity, Contributions to...
Section 80G of the Income Tax Act, 1961 provides provisions for claiming deductions on donations made...
Section 194LA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made as...
To simplify tax compliance and enhance the ease of doing business, the Finance Act has proposed significant...
Here’s a detailed explanation of Penalty under Section 271AAC of the Income Tax Act, 1961, which applies...
Understanding Section 71: Inter-Head Adjustment
Section 71 of the Income Tax Act, 1961 allows taxpayers...
Understanding of Section 54
When an individual sells a residential house property, they are liable to...
Section 10(23EC) of the Income Tax Act provides a tax exemption for income received by an Investor Protection...
Under Section 234C of the Income Tax Act, taxpayers are generally required to pay advance tax in instalments....
Under Section 10(17A) of the Income Tax Act, any award or reward received by an individual in recognition...
The introduction of Section 128A in the Central Goods and Services Tax (CGST) Act, 2017, by the Finance...
Unrealised rent refers to rental income that is due but not received from a tenant. The Income Tax Act,...
Section 194E of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made to non-resident...
Here’s a detailed explanation of Section 78(2) regarding carry forward and set-off of losses in...
Section 9, Income Accrue or Deemed to Accrue or Arise in India :
Section 9 describes the Incomes which...
Section 10(10D) of the Income Tax Act deals with the tax treatment of the sum assured received from a...