Understanding Income Tax Act Section 24: Deductions from Income
Income tax is an essential part of every citizen's life in any country. It is a tax paid on the income of individuals, businesses,...
Section 44A of the Income Tax Act 1961: Understanding the Provisions
The Income Tax Act, 1961 is a comprehensive legislation that governs the taxation system in India. Section 44A of the Income Tax Act, 1961...
Section 54EC of Income Tax Act: A Guide to Capital Gains Tax Exemption for...
If you have recently sold a capital asset and made a profit, you may be liable to pay capital gains tax. However, there are...
Understanding Section 24 of the Income Tax Act AY 2021-22: All You Need to...
Income tax is a significant part of the financial planning of every individual and business in India. One of the most crucial sections of...
Understanding Section 16 of the Income Tax Act 2018: Deductions from Employment Income
Section 16 of the Income Tax Act 2018 provides for deductions that can be made from employment income for tax purposes. In this blog...
Understanding Section 6 of Income Tax Act: Taxability of Residential Status
The Income Tax Act of India is a comprehensive law that governs the taxation system in India. It has various sections that outline the...
Understanding Section 35DDA of the Income Tax Act: Deduction for Expenditure on Agricultural Extension...
The Income Tax Act of India provides various deductions to taxpayers for different expenses incurred during the course of their business or profession. One...
Understanding Section 17(1) of the Income Tax Act: All You Need to Know
The Income Tax Act is a vital piece of legislation in India that outlines the rules, regulations, and guidelines for the taxation of income...
Understanding Section 148A of Income Tax Act PDF
Section 148A of the Income Tax Act, 1961 was introduced by the Finance Act, 2021 with an aim to enhance transparency and accountability in...
Notice under Section 148 of the Income Tax Act 1961: A Comprehensive Guide
If you have received a notice under section 148 of the Income Tax Act 1961, it means that the Income Tax Department has reason...