Understanding Section 10(13A) of the Income Tax Act
Section 10(13A) of the Income Tax Act is a significant provision that provides tax relief for individuals who receive a house rent allowance (HRA)...
Understanding Section 10(36) of the Income Tax Act: Exemption of Income from the Sale...
Agriculture has been a significant contributor to the Indian economy for centuries. With a majority of the population still living in rural areas and...
Understanding Section 8 of the Income Tax Act: An Overview
Section 8 of the Income Tax Act, 1961 lays down the rules for determining the residential status of an individual for the purpose of...
Understanding Section 199 of Income Tax Act – A Comprehensive Guide
Section 199 of the Income Tax Act, also known as the "Deduction for Domestic Production Activities" (DDPA), is a tax provision that allows eligible...
Understanding Section 56 of the Income Tax Act 2018
Section 56 of the Income Tax Act 2018 is a crucial provision that deals with the taxability of certain types of incomes. This provision...
Understanding Section 10(17A) of the Income Tax Act: Exemption of Special Allowance for MPs
Section 10(17A) of the Income Tax Act, 1961 is a provision that provides tax exemption for a specific type of allowance granted to Members...
Understanding Section 12AA of Income Tax Act 1961: Registration of Charitable Trusts and Institutions
Charitable trusts and institutions play a significant role in contributing to the social and economic development of a country. They undertake various activities and...
Understanding Section 115BAA of Income Tax Act – A Complete Guide
Section 115BAA of the Income Tax Act, 1961, was introduced in the Union Budget 2019 with an aim to provide relief to domestic companies....
Understanding Section 10(34) of Income Tax Act 1961: Exemption on Income Earned from Specified...
Section 10(34) of the Income Tax Act, 1961 provides exemption from income tax on income earned from units of a specified mutual fund. This...
Section 80B of Income Tax Act: Definition and Significance
Section 80B of the Income Tax Act: An Overview
The Indian Income Tax Act, 1961, provides for several deductions and exemptions that taxpayers can claim...