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Section 32AD of Income Tax Act: Benefits and Challenges

Section 32AD of Income Tax Act: Benefits and Challenges

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Section 32AD of the Income Tax Act: A Comprehensive Guide Section 32AD of the Income Tax Act is a provision that allows eligible businesses to...
Section 12A(1)(b) of the Income Tax Act, 1961

Understanding Section 12A(1)(b) of the Income Tax Act, 1961: Everything You Need to Know

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Section 12A(1)(b) of the Income Tax Act, 1961 is a provision that provides tax exemption to certain charitable organizations. The section deals with the...
Section 270A of Income Tax Act: An Overview with Examples

Section 270A of Income Tax Act: An Overview with Examples

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The Income Tax Act, 1961, is a comprehensive statute that governs the taxation of income earned by individuals and entities in India. One of...
Understanding Section 139(4c) of the Income Tax Act: Implications for Late Filing of Income Tax Returns

Understanding Section 139(4c) of the Income Tax Act: Implications for Late Filing of Income...

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The Income Tax Act is a comprehensive legislation that governs the taxation of income in India. One of the most important provisions of the...
Understanding Accrued Income: What It Is and Why It Matters

Understanding Accrued Income: What It Is and Why It Matters

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Accrued income is a term that refers to income that has been earned but not yet received. It can also be called accrued revenue...
Section 8 of the Income Tax Act

Understanding Section 8 of the Income Tax Act: An Overview

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Section 8 of the Income Tax Act, 1961 lays down the rules for determining the residential status of an individual for the purpose of...
Understanding Section 36 of Income Tax Act - All You Need to Know

Understanding Section 36 of Income Tax Act – All You Need to Know

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Section 36 of the Income Tax Act, 1961, lays down the provisions for deductions allowed in computing the income chargeable under the head 'Profits...
Understanding the Supreme Court's Interpretation of Section 148 of the Income Tax Act

Understanding the Supreme Court’s Interpretation of Section 148 of the Income Tax Act

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Section 148 of the Income Tax Act empowers the Income Tax Department to issue notices for reassessment to taxpayers if it has reason to...
Section 90 of Income Tax Act

Understanding Section 90 of Income Tax Act – Key Provisions and Benefits

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Taxation is an integral part of any economy, and India is no exception. The Income Tax Act, 1961, is the primary legislation that governs...
Understanding Section 115F of the Income Tax Act: A Guide for Non-Residents Investing in India

Understanding Section 115F of the Income Tax Act: A Guide for Non-Residents Investing in...

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The Indian Income Tax Act, 1961 is a comprehensive legislation that governs the taxation of income earned by individuals and entities in India. One...