Understanding Section 40A(9) of the Income Tax Act: Limitations on Cash-based Business Transactions

Understanding Section 40A(9) of the Income Tax Act: Limitations on Cash-based Business Transactions

0
Section 40A(9) of the Income Tax Act is an important provision that deals with payments made in cash by business entities. The section was...
Understanding Section 208 of the Income Tax Act - Advance Tax Payment Requirements

Understanding Section 208 of the Income Tax Act – Advance Tax Payment Requirements

0
Section 208 of the Income Tax Act is an important provision that deals with the payment of advance tax. It is applicable to all...
Understanding Section 115UB of the Income Tax Act: Tax Implications on Investment in Alternative Investment Funds (AIFs)

Understanding Section 115UB of the Income Tax Act: Tax Implications on Investment in Alternative...

0
Section 115UB of the Income Tax Act, 1961, deals with the taxation of income from investment in a specified investment fund. This section was...
Understanding Section 68 of the Income Tax Act: Implications and Compliance for Taxpayers

Understanding Section 68 of the Income Tax Act: Implications and Compliance for Taxpayers

0
Section 68 of the Income Tax Act is an important provision that deals with the treatment of unexplained cash credits in the hands of...
Understanding Section 87A of the Income Tax Act: Eligibility, Rebate Amount, and Benefits

Understanding Section 87A of the Income Tax Act: Eligibility, Rebate Amount, and Benefits

0
The Section 87A of the Income Tax Act, 1961 provides tax relief to individuals who fall within a specific income range. This section was...
Exploring Contra Funds: A High-Risk, High-Reward Investment Strategy

Exploring Contra Funds: A High-Risk, High-Reward Investment Strategy

1
Contra Funds: An Overview Investing in mutual funds is an excellent way to diversify your portfolio and achieve long-term financial goals. One type of mutual...
Understanding Income Tax: Who is Exempt from Filing Tax Returns?

Understanding Income Tax: Who is Exempt from Filing Tax Returns?

0
Income tax is a form of tax levied by the government on the income earned by individuals and businesses in a financial year. The...
Income Tax Grievance: A Guide to Filing and Resolving Complaints

Income Tax Grievance: A Guide to Filing and Resolving Complaints

0
Paying income tax is a crucial obligation for every taxpayer in a country. However, sometimes, taxpayers may face issues with the income tax department,...
All You Need to Know About Residential Status and Income Tax in India

All You Need to Know About Residential Status and Income Tax in India.

0
Residential status is a critical factor in determining an individual's income tax liability in India. The Income Tax Act 1961, defines the rules and...
Brief about Online Tax Accounting System (OLTAS) Challan

Brief about Online Tax Accounting System (OLTAS) Challan

0
Online Tax Accounting System (OLTAS) is a platform launched by the Reserve Bank of India to facilitate online payment of Direct Taxes. Under the OLTAS,...