Section 32AD of Income Tax Act: Benefits and Challenges
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...
Understanding Section 12A(1)(b) of the Income Tax Act, 1961: Everything You Need to Know
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
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...
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
Accrued income is a term that refers to income that has been earned but not yet received. It can also be called accrued revenue...
Understanding Section 8 of the Income Tax Act: An Overview
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
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
Section 148 of the Income Tax Act empowers the Income Tax Department to issue notices for reassessment to taxpayers if it has reason to...
Understanding Section 90 of Income Tax Act – Key Provisions and Benefits
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...
The Indian Income Tax Act, 1961 is a comprehensive legislation that governs the taxation of income earned by individuals and entities in India. One...