Understanding Section 194JB of Income Tax Act 2020-21: TDS on Dividends by Mutual Funds
Introduction
Section 194JB of the Income Tax Act, 1961 was introduced by the Finance Act, 2019 and it came into effect from 1st September 2019....
Section 206 cr of the Income Tax Act: Understanding TCS on Sale of Goods
Section 206 cr of the Income Tax Act: An Overview
Tax collection is a crucial aspect of any government's revenue generation. In India, the Income...
Understanding Section 10(14)(i) of the Income Tax Act: Exemption of Allowances and Perquisites
Section 10(14)(i) of the Income Tax Act, 1961 is an important provision that deals with the exemption of certain allowances and perquisites from the...
Section 10(14)(i) and Rule 2bb of Income Tax Act 1961: Exemptions for Allowances and...
Section 10(14)(i) and Rule 2bb of Income Tax Act 1961: An Overview
The Indian Income Tax Act of 1961 governs the taxation of income earned...
What is Section 194NF and How Does it Affect Unit Holders of Business Trusts...
Section 194NF of the Income Tax Act, 1961 was introduced by the Finance Act, 2021, and came into effect from April 1, 2021. This...
(DA) Dearness Allowance – Meaning, Rates, News and calculation of DA
Latest News on Dearness Allowance:
7th Pay Commission news: In the 7th pay commission minimum wage, dearness allowance for few government employees will be...
Section 206CL of Income Tax Act: An Overview of TCS on Sale of Goods
Section 206CL of the Income Tax Act deals with the concept of Tax Collection at Source (TCS) on sale of goods. TCS is the...
Understanding Section 206CQ of the Income Tax Act: A Comprehensive Guide to TDS on...
Section 206CQ of the Income Tax Act, 1961, was introduced in the Union Budget 2020 to widen the tax base and to bring more...
Section 10(14) of the Income Tax Act: Understanding Allowances and Benefits Exemptions
Section 10(14) of the Income Tax Act, 1961 is an important provision that deals with various allowances and benefits that are exempt from income...
Understanding Section 192B of Income Tax Act, 1961
The Indian Income Tax Act, 1961, is a complex document with numerous sections and subsections. Section 192B is one such provision that taxpayers need...