Section 80GGA of Income Tax Act: Understanding its Provisions and Benefits
Section 80GGA of the Income Tax Act was introduced by the government of India to encourage donations for scientific research or rural development. This...
Understanding Section 44AD of the Income Tax Act: AY 2021-22
The Income Tax Act of India has several provisions that simplify the process of tax compliance for small businesses and taxpayers. Section 44AD of...
Understanding Section 6A of the Income Tax Act: A Comprehensive Guide
The Income Tax Act, of 1961 is the legislation that governs the taxation system in India. The Act lays down the provisions and guidelines...
Understanding Section 24 of the Income Tax Act: Deductions for Home Loan Interest
When it comes to filing income tax returns, one of the most important factors to consider is deductions. As per the Income Tax Act...
Understanding Section 139(1) of Income Tax Act 1961: Filing Your Tax Returns
The Income Tax Act, of 1961 is the primary legislation that governs the income tax system in India. Section 139(1) of the Act mandates...
Understanding Section 40(a)(ia) of Income Tax Act 1961
The Income Tax Act, of 1961 is a comprehensive tax legislation in India, which covers a wide range of topics related to income tax,...
Understanding Section 153A of Income Tax Act: A Comprehensive Guide
Income tax is one of the major sources of revenue for the government of India. To ensure that tax evasion is prevented and tax...
Understanding Section 149 of Income Tax Act 2022: Who Needs to File Income Tax...
The Income Tax Act of 2022 is a crucial tax legislation in India, which governs the taxation of income for individuals, companies, and other...
Understanding Section 206C(1H) of the Income Tax Act 2020
The Indian Government has introduced several amendments to the Income Tax Act to regulate various transactions and reduce tax evasion. One such amendment is...
Understanding Section 13A of the Income Tax Act: Deductions for Scientific Research Expenditure
The Income Tax Act provides for various deductions and exemptions that taxpayers can claim to reduce their tax liability. One such deduction is provided...