Understanding Section 44AB(b) of the Income Tax Act, 1961: A Comprehensive Guide
Section 44AB(b) of the Income Tax Act, 1961, is an important provision that mandates certain taxpayers to get their accounts audited. In this blog...
Understanding Section 10(23C)(iiiad) of the Income Tax Act
Section 10(23C)(iiiad) of the Income Tax Act, 1961 is a provision that exempts income earned by any university or educational institution from taxation. This...
Section 144C of the Income Tax Act: A Comprehensive Guide and FAQs
Section 144C of the Income Tax Act, of 1961, deals with the procedure for a draft assessment order. The section was introduced in 2017...
Unlocking Opportunities: Tamil Nadu Government’s Free Land Scheme
Introduction
In a remarkable move aimed at fostering economic growth, the Tamil Nadu government has implemented an innovative initiative known as the "Free Land Scheme."...
Government Scheme for Petrol Pump: Empowering Fuel Retailers for Sustainable Growth
The Government Scheme for Petrol Pumps is a comprehensive initiative aimed at supporting and empowering fuel retailers in the country. This scheme provides financial...
Understanding Section 6 of the Income Tax Act, 1961: Who is a Resident?
Understanding Section 6 of the Income Tax Act, 1961: Who is a Resident?
Section 6 of the Income Tax Act, 1961, is one of the...
Understanding the Difference Between Government Companies and Public Companies
Introduction
In the business world, companies can be categorized into various types based on their ownership structure and governance. Two prominent categories are government companies...
The BPL Card in West Bengal: Empowering the Underprivileged through Government Welfare Schemes
Introduction:
In West Bengal, a state known for its rich cultural heritage and diverse population, the government has implemented a robust Beneficiary Identification System (BPL...
Understanding Section 115BA of the Income Tax Act for New Manufacturing Companies
Section 115BA of the Income Tax Act: Understanding the Provisions
Section 115BA of the Income Tax Act was introduced in the Union Budget of 2016...
Understanding GST on Rice in India: Impact on Industry, Traders, and Consumers
Introduction:
Goods and Services Tax (GST) is a comprehensive tax system implemented in India since July 2017. It is an indirect tax that replaces all...