Section 80EE of Income Tax Act: All You Need to Know
The Indian Income Tax Act, 1961, provides various deductions and exemptions to taxpayers to reduce their tax liability. Section 80EE is one such provision...
Understanding Section 246 of the Income Tax Act: Your Guide to Tax Appeals
As taxpayers, we all want to ensure that we pay the correct amount of tax and that our rights are protected in the event...
Understanding Section 10(24) of the Income Tax Act: Tax Exemption for Income of Minor...
Section 10(24) of the Income Tax Act provides for an exemption of income earned by minor children from certain sources. This section is especially...
Section 43B of the Income Tax Act, 1961: Everything You Need to Know
Section 43B of the Income Tax Act, 1961 is an important provision that outlines the rules for the deduction of certain expenses for tax...
Understanding Section 40B of the Income Tax Act, 1961: Disallowance of Interest on Borrowed...
Section 40B is a provision under the Income Tax Act that deals with the disallowance of interest on certain borrowed capital. The section applies...
Understanding Section 80D of Income Tax Act AY 2017-18: Benefits and Provisions
Section 80D of the Income Tax Act AY 2017-18 provides tax benefits to individuals and Hindu Undivided Families (HUFs) who pay medical insurance premiums...
Complete Guide to Transferring Your PF Online: Steps and Eligibility
Transferring your PF (Provident Fund) online is a convenient and hassle-free way to manage your retirement savings. In this blog post, we will walk...
Understanding Section 149 of the Income Tax Act: Roles and Responsibilities of Directors
Section 149 of the Income Tax Act is an important provision that outlines the roles and responsibilities of directors regarding income tax compliance. This...
Understanding Section 44AB(e) of Income Tax Act: Key Considerations for Taxpayers
As a taxpayer in India, it is important to be aware of the various provisions of the Income Tax Act, including Section 44AB(e), which...
Understanding Section 47 of Income Tax Act – Tax Implications on Transfer of Capital...
The Income Tax Act of India is a comprehensive statute that governs various aspects of taxation in the country. Section 47 of the Income...