Income Tax

Section 6 of the Income Tax Act: Determination of Residential Status

Section 6 of the Income Tax Act: Determination of Residential Status

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Section 6 of the Income Tax Act is an essential provision that defines the residential status of a taxpayer for the purposes of income...
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...
Mastering the Art of Winning under Income Tax Act: Key Sections to Keep in Mind

Mastering the Art of Winning under Income Tax Act: Key Sections to Keep in...

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The Income Tax Act, 1961 is a complex and comprehensive legislation that governs the taxation of income in India. It outlines the various provisions...
Understanding Section 115AC of the Income Tax Act

Understanding Section 115AC of the Income Tax Act

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Section 115AC of the Income Tax Act was introduced in the year 2016 and has since then been an important aspect of taxation for...

Understanding Section 139(4b) of the Income Tax Act: A Guide for Taxpayers

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Section 139(4b) of the Income Tax Act is an important provision that deals with the filing of income tax returns by taxpayers who have...
Understanding Section 194A of the Income Tax Act 1961: TDS on Interest Payments

Understanding Section 194A of the Income Tax Act 1961: TDS on Interest Payments

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Section 194A of the Income Tax Act 1961 pertains to the deduction of tax at source (TDS) on interest payments. As per this section,...
Understanding Section 194C of the Income Tax Act 2019-20: Applicable TDS Rates and Implications

Understanding Section 194C of the Income Tax Act 2019-20: Applicable TDS Rates and Implications

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The Income Tax Act 2019-20 is a comprehensive legislation that governs taxation in India. One of the key provisions of this Act is Section...
Understanding Section 43AA of the Income Tax Act: Definition, Applicability and Key Provisions

Understanding Section 43AA of the Income Tax Act: Definition, Applicability and Key Provisions

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Section 43AA of the Income Tax Act was introduced to provide a clear definition of the term "speculative transaction" and to bring clarity to...
Understanding Section 80 of the Income Tax Act: A Comprehensive Guide

Understanding Section 80 of the Income Tax Act: A Comprehensive Guide

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The Income Tax Act of India provides various provisions for taxpayers to save on their tax liability. One such provision is Section 80 of...
Section 194IA of Income Tax Act 1961: Understanding the Basics

Section 194IA of Income Tax Act 1961: Understanding the Basics

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Section 194IA of the Income Tax Act, 1961, is a provision that was introduced in the year 2013. It pertains to the deduction of...