Section 13A of Income Tax Act 1961: An Overview and Frequently Asked Questions (FAQs)
Introduction
Section 13A of the Income Tax Act, 1961, deals with the taxation of income received by a person who is a member of Parliament...
Section 80EE of Income Tax Act AY 2021-22: Eligibility, Benefits, and Limitations
Introduction
The Indian government has introduced several tax-saving measures to encourage taxpayers to invest their money wisely. Section 80EE of the Income Tax Act is...
Section 272B of Income Tax Act: Understanding the Penalties for Non-Compliance
Section 272B of the Income Tax Act is a crucial provision that imposes penalties on taxpayers who fail to comply with the provisions of...
Section 87A in Income Tax Act: A Comprehensive Guide on Tax Rebate for Low-Income...
Introduction:
Section 87A of the Income Tax Act is a provision that provides relief to taxpayers earning income up to a certain limit. The section...
Section 80CCC of Income Tax Act: Everything You Need to Know
Section 80CCC of the Income Tax Act: An Overview
The Income Tax Act of India provides various deductions and exemptions for taxpayers to help them...
Section 11A of Income Tax Act: Conditions for Deduction of Interest on Housing Loan
Understanding Section 11A of Income Tax Act: An Overview
Section 11A of the Income Tax Act was introduced by the Finance Act, 2020. This section...
Understanding Section 94C of Income Tax Act: Everything You Need to Know
Section 94C of the Income Tax Act, 1961 deals with the transactions in securities that are entered into solely with the objective of avoiding...
Understanding Section 192 of the Income Tax Act: A Comprehensive Guide to TDS on...
Introduction
The Indian Income Tax Act, 1961, is a comprehensive statute that governs the taxation of income in India. One of the important sections of...
Depreciation: Understanding the Rules and Guidelines Set Forth in Section 32 of the Income...
Depreciation is an important concept in the field of taxation. It is a measure of the wear and tear of an asset over time...
Understanding Section 2(22) of Income Tax Act: Definition of Dividend and Tax Implications
Section 2(22) of the Income Tax Act, 1961 defines the term "dividend" and is an important provision that has significant implications for taxpayers. Dividend...