Understanding Section 14A of the Income Tax Act: Disallowance of Expenses for Earning Tax-Exempt...
Section 14A of the Income Tax Act, 1961 deals with the disallowance of expenses incurred by a taxpayer for earning tax-exempt income. This section...
Section 194K of the Income Tax Act: A Comprehensive Guide for Mutual Fund Investors...
Section 194K of the Income Tax Act, 1961, was introduced by the Finance Act, 2020. This section mandates a tax deduction at source (TDS)...
Section 66A of Income Tax Act: Understanding Business Connection and Taxation for Foreign Entities...
Understanding Section 66A of the Income Tax Act
Section 66A of the Income Tax Act is a crucial provision that deals with the taxation of...
Section 154 of Income Tax Act, 1961: All You Need to Know about Rectification...
Section 154 of the Income Tax Act, 1961 is an important provision that allows taxpayers to rectify any errors or mistakes in their income...
Understanding Section 194R of the Income Tax Act: Taxation of Income from Mutual Funds...
Section 194R of the Income Tax Act: A Comprehensive Guide
Introduction:
Section 194R of the Income Tax Act, 1961, was introduced in the Union Budget 2020...
Section 6(1)(c) of the Income Tax Act: Understanding Residential Status for Tax Purposes
Section 6(1)(c) of the Income Tax Act, 1961, deals with the determination of the residential status of an individual for the purpose of taxation....
Section 80E of Income Tax Act 1961: Understanding Tax Benefits for Education Loans
Section 80E of the Income Tax Act, 1961 provides tax benefits to individuals who have taken an education loan for themselves, spouse, or children...
Understanding Income Tax Act Sections 10, 11, and 12: Exemptions and Provisions for Charitable...
The Income Tax Act of 1961 is an essential legal document that outlines the provisions for the assessment, levy, and collection of income tax...
Understanding Section 193 of the Income Tax Act: TDS on Interest on Securities
Introduction
The Income Tax Act, 1961, is the primary legislation in India that governs the taxation of income. The Act is divided into various sections,...
Understanding Section 56 of the Income Tax Act: Tax Implications of Gift
Introduction:
Gifts have been a traditional way to express love and affection to our near and dear ones on special occasions. However, it is important...