Section 2(13) of Income Tax Act: Understanding the Assessee and its Importance
Section 2(13) of the Income Tax Act defines the term "Assessee" under the Act. It is an important provision as it specifies who is...
Section 10(14) of the Income Tax Act: Understanding Allowances and Benefits Exemptions
Section 10(14) of the Income Tax Act, 1961 is an important provision that deals with various allowances and benefits that are exempt from income...
Section 68 of Income Tax Act 1961 – Understanding the Provision and its Implications
Understanding Section 68 of Income Tax Act 1961
The Income Tax Act of 1961 governs the taxation of individuals and entities in India. It has...
Understanding Section 206CE of the Income Tax Act: A Comprehensive Guide
Understanding Section 206CE of the Income Tax Act
Section 206CE is a provision introduced in the Income Tax Act, 1961, to curb the practice of...
Section 35 of Income Tax Act, 1961: All You Need to Know
Section 35 of the Income Tax Act, 1961 deals with the provisions related to deduction of expenses incurred for scientific research. It provides for...
Understanding Section 11(1a) of the Income Tax Act: A Comprehensive Guide
Section 11(1a) of the Income Tax Act: Understanding the Basics
The Income Tax Act is the primary legislation that governs the taxation of income in...
Section 10(34) of the Income Tax Act: Exemption on Dividend Income
Section 10(34) of the Income Tax Act, 1961 deals with the exemption of income earned by a shareholder from a specified investment. This provision...
Section 56(ii) of Income Tax Act: Understanding the Taxation of Gifts
Section 56(ii) of the Income Tax Act, 1961 deals with the taxation of income from other sources, specifically with regards to gifts received by...
Understanding Section 54F of the Income Tax Act: Exemption on Capital Gains Tax for...
The Income Tax Act, 1961 is a comprehensive tax law in India that governs the imposition, collection, and recovery of income tax. One of...
Understanding Section 68 of Income Tax Act and its Legal Implications: A Comprehensive Guide
Introduction to Section 68 of Income Tax Act
The Income Tax Act, 1961 contains various provisions that require taxpayers to disclose their income and assets....