Income Tax

Understanding Section 40(a) of the Income Tax Act: FAQs and Key Points

Understanding Section 40(a) of the Income Tax Act: FAQs and Key Points

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Understanding Section 40(a) of the Income Tax Act: A Comprehensive Guide The Income Tax Act of 1961 is the primary legislation in India that governs...
Unlocking the Benefits of Section 80C of the Income Tax Act: A Comprehensive Guide

Unlocking the Benefits of Section 80C of the Income Tax Act: A Comprehensive Guide

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What is Section 35(2AB) of the Income Tax Act? The Income Tax Act, 1961 is the principal legislation that governs the taxation of income in...
Section 139(1) of the Income Tax Act: Rules and Requirements for Filing Income Tax Returns in India

Section 139(1) of the Income Tax Act: Rules and Requirements for Filing Income Tax...

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Section 139(1) of the Income Tax Act: An Overview The Income Tax Act is a crucial legislation that governs the taxation of income earned by...
Understanding Section 194J of the Income Tax Act: Everything You Need to Know

Understanding Section 194J of the Income Tax Act: Everything You Need to Know

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Section 194J of Income Tax Act: A Comprehensive Guide for Taxpayers If you are a taxpayer who earns income through professional or technical services, you...
Understanding Section 12A of the Income Tax Act, 1961: Requirements, Benefits, and FAQs

Understanding Section 12A of the Income Tax Act, 1961: Requirements, Benefits, and FAQs

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Section 12A of the Income Tax Act, 1961: An Overview The Income Tax Act, 1961, is an important piece of legislation that governs the taxation...
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Section 89 of Income Tax Act: Benefits, Procedure, and FAQs

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Section 89 of the Income Tax Act is an important provision that allows taxpayers to seek relief from the tax department for any additional...
Section 89 of Income Tax Act: Benefits, Procedure, and FAQs

Understanding Section 10(10C) of Income Tax Act: Exemption for Gratuity

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Section 10(10C) of Income Tax Act: Understanding the Tax Treatment of Gratuity Gratuity is an important employee benefit that is given by employers to their...
Capital Gains Bonds under Section 54EC: A Guide to Tax-Saving Investments

Capital Gains Bonds under Section 54EC: A Guide to Tax-Saving Investments

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Capital Gains Bonds under Section 54EC of Income Tax Act 1961 When you sell a capital asset such as property, stocks, or mutual funds, you...
Demystifying Section 148A of the Income Tax Act: FAQs and Case Laws

Demystifying Section 148A of the Income Tax Act: FAQs and Case Laws

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Section 148A of the Income Tax Act, 1961 was introduced in 2021 through the Finance Act, 2021. This section empowers the income tax authorities...
10 Tax-Saving Tips for Individuals in India

10 Tax-Saving Tips for Individuals in India

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Section 10B of the Income Tax Act: An Overview Section 10B of the Income Tax Act is a relatively new provision that was introduced in...