Overview
Section 157A of the Income Tax Act, 1961, was introduced to empower the Central Government to...
Applicable to: Developers of Affordable Housing Projects
This section provides a 100% tax exemption on...
When it comes to retirement planning, superannuation funds play a crucial role in providing financial...
Applicable to: Indian Resident Individuals (Inventors/Patent Holders)
This section provides tax relief...
Section 10(2A) of the Income Tax Act, 1961 in India exempts a partner’s share in the total income...
Introduction
Section 54B of the Income Tax Act, 1961, provides an exemption on capital gains arising...
Section 80RRB of the Income Tax Act, 1961, provides for a deduction in respect of royalty income received...
Section 43B of the Income Tax Act, 1961 is a crucial provision that disallows certain expenses unless...
Section 194P of the Income Tax Act, 1961, provides a TDS exemption for senior citizens (aged 75+) with...
Section 147 of the Income Tax Act, 1961, deals with the reassessment of income if the Assessing Officer...
Section 10(26) of the Income Tax Act provides special provisions for the income of a member of a Scheduled...
A recognized provident fund is a retirement savings scheme that is approved by the government. It is...