Understanding Section 45(5a) of the Income Tax Act: Implications of Converting Stock-in-Trade into Capital...
Section 45(5a) of the Income Tax Act, 1961, was introduced in the Finance Act, 2017. It deals with the tax implications on the conversion...
Section 234E of Income Tax Act 1961: All You Need to Know About Penalties...
Section 234E of the Income Tax Act, 1961, is a provision that was introduced in 2015 to penalize taxpayers who fail to file their...
Section 129 of Income Tax Act: Understanding Seizure of Assets by Tax Authorities
Section 129 of the Income Tax Act: An Overview
Section 129 of the Income Tax Act deals with the provisions related to the 'Seizure of...
Section 115BAA of Income Tax Act: Eligibility, Implications, and Benefits
Section 115BAA of the Income Tax Act, 1961 is a relatively new provision that was introduced in the Finance Act, 2019. This provision allows...
Section 80IA of Income Tax Act: Benefits for Infrastructure Development Projects
Understanding Section 80IA of Income Tax Act
Section 80IA of the Income Tax Act, 1961 is a provision that provides tax benefits to businesses that...
Understanding Section 194J of the Income Tax Act 1961: TDS on Professional or Technical...
Introduction
The Income Tax Act, 1961 has several provisions that govern the deduction of tax at source (TDS) from payments made by certain categories of...
Understanding Section 142(2) of the Income Tax Act: Power to Issue Notices for Production...
Section 142(2) of the Income Tax Act: Understanding its Significance
Section 142(2) of the Income Tax Act is an important provision that has significant implications...
Section 86 of Income Tax Act: A Comprehensive Guide to Part-Time Business and Profession...
Section 86 of the Income Tax Act deals with income from part-time businesses or professions. In this blog, we will explore the different aspects...
Understanding Section 234 of the Income Tax Act: Everything You Need to Know
Understanding Section 234 of Income Tax Act
The Income Tax Act of India is the legislation that governs the payment and collection of taxes in...
Maximizing Tax Benefits: A Guide to Section 80C and Section 24 of Income Tax...
Section 24 of the Income Tax Act AY 2020-21 deals with the deduction of interest on home loans. This section provides for two types...