Understanding Section 43B of the Income Tax Act: Case Laws and Key Insights
Section 43B of the Income Tax Act, 1961 deals with certain deductions that can be allowed only on payment basis. This section has been...
Section 206CCA of the Income Tax Act: A Comprehensive Guide to Higher TDS and...
Understanding Section 206CCA of the Income Tax Act
Section 206CCA is a newly introduced provision under the Income Tax Act, 1961. This section requires taxpayers...
Understanding Section 11(1)(c) of the Income Tax Act, 1961: Exemption for Charitable and Religious...
Section 11(1)(c) of the Income Tax Act, 1961, deals with the exemption of income of a charitable or religious trust. This section provides that...
Notice under Section 142(1) of the Income Tax Act 1961: A Comprehensive Guide for...
The Income Tax Act, 1961 provides various provisions to ensure that taxpayers comply with their tax obligations. One such provision is Section 142(1) of...
Understanding Section 115JB of Income Tax Act: FAQs and Impact on Companies
Section 115JB of the Income Tax Act, 1961 is a provision related to the Minimum Alternate Tax (MAT). It was introduced to ensure that...
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...
Understanding Section 17(1) of the Income Tax Act, 1961: Definition of Salary for Income...
Section 17(1) of the Income Tax Act, 1961, deals with the scope of 'salary' for the purposes of income tax. It is a crucial...
Section 165A of Income Tax Act: Understanding the Faceless Appeal Scheme
Section 165A of the Income Tax Act: An Overview
Section 165A of the Income Tax Act was introduced in the Finance Act of 2021 and...
Section 124 of Income Tax Act: Understanding the Mechanism of Rectification
Section 124 of the Income Tax Act: Understanding the Basics
The Income Tax Act of India is a comprehensive law that governs the taxation of...
Understanding Section 40B of the Income Tax Act, 1961: Deduction of Remuneration Paid to...
Section 40B of the Income Tax Act, 1961 deals with the deduction of remuneration paid to a partner of a firm. This section lays...