Understanding Section 194C of Income Tax Act, 1961 – TDS on Payments to Contractors...
Section 194C - An Overview
Section 194C of the Income Tax Act, 1961 is a provision that deals with the Tax Deducted at Source (TDS)...
Understanding Section 73A of the Income Tax Act: Treatment of Speculative Business Losses
Understanding Section 73A of the Income Tax Act
Section 73A of the Income Tax Act, 1961 is a provision that deals with the treatment of...
Understanding Section 221 of the Income Tax Act: Consequences of Non-Payment of Tax
Section 221 of the Income Tax Act deals with the consequences of non-payment of tax, including penalties and interest charges. This section is an...
Deductions under the Income Tax Act: Maximizing Tax Benefits for Individuals
Deductions are an important aspect of the Indian Income Tax Act, as they help taxpayers reduce their taxable income, which in turn helps them...
Section 87A of Income Tax Act AY 2021-22: Everything You Need to Know
Section 87A of the Income Tax Act, of 1961 provides a tax rebate to eligible individuals whose total income is below a certain threshold....
Section 144C of the Income Tax Act: A Comprehensive Guide and FAQs
Section 144C of the Income Tax Act, of 1961, deals with the procedure for a draft assessment order. The section was introduced in 2017...
Understanding Section 11(1) of the Income Tax Act: FAQs and Benefits of Exemption for...
Section 11(1) of the Income Tax Act is a provision that provides an exemption from income tax to trusts and institutions that are established...
Section 80DDB of Income Tax Act: Understanding Eligibility, Specified Diseases, and Benefits
Section 80DDB of the Income Tax Act, 1961 provides for a deduction for expenses incurred by taxpayers on the treatment of specified diseases. The...
Section 49 of the Income Tax Act: Rules for Determining Cost of Acquisition of...
Section 49 of the Income Tax Act is a crucial provision that outlines the rules for determining the cost of acquisition of capital assets...
Understanding Section 271 of the Income Tax Act: Penalties and FAQs
Section 271 of the Income Tax Act deals with the penalties that can be imposed on taxpayers for various non-compliances. The section provides for...