Understanding Section 250 of the Income Tax Act, 1961: A Guide to Rectification of...
Section 250 of the Income Tax Act, 1961 deals with the provisions for rectification of mistakes apparent from records. The section provides taxpayers with...
Understanding Section 44AB(c) of Income Tax Act: A Guide for Professionals
Introduction:
Section 44AB of the Income Tax Act, 1961 lays down the provisions related to tax audit of businesses. Tax audit is mandatory for certain...
Section 9B of Income Tax Act: A Comprehensive Guide for Foreign Companies
Introduction:
The Indian Income Tax Act is a comprehensive law that governs the taxation of income in India. One of the critical sections of the...
Understanding Section 80D of the Income Tax Act: Benefits and Eligibility
Introduction:
Income Tax Act, 1961 is an essential piece of legislation that governs taxation in India. Section 80D of the Income Tax Act, 1961 is...
Understanding Section 25A of the Income Tax Act: Relief for Individuals with Multiple Sources...
Section 25A of the Income Tax Act: Understanding the Basics
Section 25A of the Income Tax Act is an important provision that deals with the...
Section 194 of the Income Tax Act: Understanding TDS on Payments Other than Salary
Section 194 of the Income Tax Act: Understanding TDS on Payments Other than Salary
Taxes are an essential part of any country's economic system. They...
Understanding Section 44AB(a) of Income Tax Act 1961: Applicability and Exceptions
Introduction
The Income Tax Act, 1961, contains various provisions that govern the assessment of income tax on individuals and businesses in India. Section 44AB(a) is...
Section 135A of Income Tax Act: Requirements and Impact
Section 135A of the Income Tax Act: An Overview
Section 135A of the Income Tax Act is a relatively new provision introduced in the Finance...
Section 200 of Income Tax Act, 1961: Obligations and Responsibilities of Employers for TDS...
Section 200 of the Income Tax Act, 1961 is an important provision that deals with the deduction of tax at source from the income...
Understanding Section 206AB of the Income Tax Act 1961
Section 206AB of the Income Tax Act, 1961 was introduced in the Union Budget 2021 to ensure that non-compliant taxpayers do not have access...