Understanding Section 10(14) of the Income Tax Act
The Indian Income Tax Act is a complex set of rules and regulations governing taxation in India. Among its many sections is Section 10(14),...
Understanding Section 40A of the Income Tax Act: Provisions and Implications
Section 40A of the Income Tax Act is one of the most important provisions that deal with the disallowance of certain expenses in the...
Understanding Section 92E of Income Tax Act – Transfer Pricing
92E of the Income Tax Act, of 1961 deals with Transfer Pricing. This section was introduced to curb the practice of multinational companies shifting...
Understanding Section 54B of Income Tax Act: Exemption on Capital Gains from Sale of...
The Income Tax Act of India provides several provisions for tax exemptions and deductions to encourage investments in certain sectors and promote economic growth....
Understanding Section 16(iii) of the Income Tax Act: An Overview
Section 16(iii) of the Income Tax Act is an important provision that deals with the taxation of income received in the form of interest...
Understanding Section 115AB of the Income Tax Act: Taxation of Income Received by NRIs...
Section 115AB of the Income Tax Act, 1961, provides provisions for the taxation of income received in India by a person who is a...
Understanding Section 9A of the Income Tax Act: Taxation of Income from Transfer of...
Section 9A of the Income Tax Act, 1961 was introduced through the Finance Act, 2021 and has been effective from 1st April 2021. This...
Section 80QQB: Tax Benefits for Authors on Royalty Income from Books
Section 80QQB of the Income Tax Act, 1961, is a tax-saving provision that offers deductions on royalty income earned by authors of certain literary,...
Section 143(1A) of Income Tax Act: Compliance Requirements and Benefits for Taxpayers
Section 143(1A) of the Income Tax Act, 1961 is an important provision that was introduced by the Finance Act, 2016. This provision requires taxpayers...
Understanding the Case Laws Related to Section 148 of the Income Tax Act: A...
Section 148 of the Income Tax Act empowers the assessing officer to reopen an assessment if he has reason to believe that income chargeable...