Income Tax

Understanding Section 139 of the Income Tax Act: All You Need to Know about Filing Income Tax Returns

Understanding Section 139 of the Income Tax Act: All You Need to Know about...

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The Income Tax Act, 1961 is the governing law for income tax in India. Section 139 of the Income Tax Act deals with the...
Understanding Section 10(5) of the Income Tax Act: Leave Travel Concession (LTC) Exemption

Understanding Section 10(5) of the Income Tax Act: Leave Travel Concession (LTC) Exemption

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Section 10(5) of the Income Tax Act: Understanding the Exemption on Leave Travel Concession The Income Tax Act provides for various exemptions and deductions to...
Understanding Section 14 of the Income Tax Act: A Comprehensive Guide to the Different Heads of Income

Understanding Section 14 of the Income Tax Act: A Comprehensive Guide to the Different...

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Understanding Section 14 of the Income Tax Act Section 14 of the Income Tax Act outlines the various heads of income on which tax is...
Understanding Section 10IE of Income Tax Act: Tax Exemption for Offshore Banking Units in India

Understanding Section 10IE of Income Tax Act: Tax Exemption for Offshore Banking Units in...

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Section 10IE of the Income Tax Act is a provision that provides tax exemption on income earned by offshore banking units (OBUs) in India....
Section 143(1) of the Income Tax Act, 1961: An Overview and Key Features

Section 143(1) of the Income Tax Act, 1961: An Overview and Key Features

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The Income Tax Act, 1961 is a comprehensive piece of legislation that regulates the taxation of income in India. One of the sections of...
Understanding Section 147 of the Income Tax Act: Time Limit and Other Key Aspects

Understanding Section 147 of the Income Tax Act: Time Limit and Other Key Aspects

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Section 147 of the Income Tax Act is an important provision that allows the Income Tax Department to reopen an assessment in certain cases....
Understanding Section 24 of the Income Tax Act: A Guide to Deduction on Home Loan Interest

Understanding Section 24 of the Income Tax Act: A Guide to Deduction on Home...

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Understanding Section 24 of the Income Tax Act: A Comprehensive Guide Income tax is one of the most significant sources of revenue for the government,...
Understanding Section 234B of the Income Tax Act: All You Need to Know

Understanding Section 234B of the Income Tax Act: All You Need to Know

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Section 234B of the Income Tax Act: Meaning and Implications The Indian Income Tax Act is a complex and detailed piece of legislation that governs...
Understanding Section 150 of the Income Tax Act: Benefits and FAQs

Understanding Section 150 of the Income Tax Act: Benefits and FAQs

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Section 150 of the Income Tax Act: An Overview Section 150 of the Income Tax Act is an important provision that deals with the rectification...
Understanding Section 40(a)(ia) of the Income Tax Act, 1961: Scope, Implications of Non-Compliance, and Exceptions

Understanding Section 40(a)(ia) of the Income Tax Act, 1961: Scope, Implications of Non-Compliance, and...

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Section 40(a)(ia) of the Income Tax Act, 1961 is one of the important provisions that deal with the disallowance of certain expenses in case...