Understanding Section 43B of the Income Tax Act: Important Provisions and Implications
Section 43B of the Income Tax Act, 1961, contains provisions related to certain deductions that can be claimed by businesses. The section is crucial...
Understanding Section 139(4e) of the Income Tax Act: A Comprehensive Guide
The Income Tax Act of India is a crucial piece of legislation that lays down the framework for the collection and management of taxes....
Understanding Section 11 of the Income Tax Act: Exemption for Income from Property held...
Section 11 of the Income Tax Act provides for an exemption from income tax on income derived from property held for charitable or religious...
Understanding Section 17(2) of the Income Tax Act: All You Need to Know
The Indian Income Tax Act, 1961, contains several provisions that govern the taxation of income in India. One such provision is Section 17(2), which...
Understanding Section 285 of the Income Tax Act
The Income Tax Act of India is a comprehensive legislation that governs the taxation of income generated within the country. It contains various provisions...
Understanding Section 50CA of the Income Tax Act: A Comprehensive Guide
Section 50CA of the Income Tax Act was introduced in the Finance Act, of 2017, and it has caused a stir in the business...
Understanding Section 10(4) of Income Tax Act: Exemption for Agricultural Income
The Income Tax Act provides various exemptions and deductions to taxpayers to reduce their tax liability. One such exemption is provided under Section 10(4)...
Section 139(4) of Income Tax Act: An Overview of Late Filing of Income Tax...
The Income Tax Act of 1961 lays down various provisions for the computation and payment of income tax in India. Among these provisions, Section...
Understanding Section 194J of Income Tax Act 2020-21: Everything You Need to Know
Section 194J of the Income Tax Act 2020-21 governs the deduction of tax at source (TDS) on professional or technical services. This section applies...
Understanding Section 16(ia) of the Income Tax Act: Implications and Applicability
The Income Tax Act, of 1961, is a comprehensive piece of legislation that governs taxation in India. Section 16(a) is one of the important...