Income Tax

Understanding Section 80CCD of the Income Tax Act: Benefits and Eligibility Criteria

Understanding Section 80CCD of the Income Tax Act: Benefits and Eligibility Criteria

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Section 80CCD of the Income Tax Act: A Comprehensive Guide The Income Tax Act of India contains several provisions that offer tax benefits to taxpayers...
Section 57 of the Income Tax Act

Understanding Section 57 of the Income Tax Act: An Overview

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Section 57 of the Income Tax Act is a crucial provision that determines the deductions that can be claimed by taxpayers against the income...
Section 12 of the Income Tax Act: An Overview of the Exemption for Charitable and Religious Trusts

Section 12 of the Income Tax Act: An Overview of the Exemption for Charitable...

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Introduction: The Income Tax Act of India, 1961, contains several provisions that govern the taxation of income earned by individuals and entities. One such provision...
Section 16 of Income Tax Act 1961

Section 16 of Income Tax Act 1961: Understanding Allowances, Exemptions, and Deductions for Salary...

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Section 16 of the Income Tax Act, 1961, deals with the computation of income under the head "Salaries". It specifies the different types of...
The Income Tax Act, 1961, governs the taxation of income earned in India. Section 10(16) of the Act provides for the exemption of certain incomes earned by specified entities.

Section 10(16) of Income Tax Act: Understanding the Exemption and Recent Changes

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Section 10(16) of the Income Tax Act: An Overview The Income Tax Act, 1961, governs the taxation of income earned in India. Section 10(16) of...
Understanding Section 17(1) of the Income Tax Act: All You Need to Know

Understanding Section 17(1) of the Income Tax Act: All You Need to Know

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The Income Tax Act is a vital piece of legislation in India that outlines the rules, regulations, and guidelines for the taxation of income...
Understanding Section 10(23C)(iiiad) of the Income Tax Act

Understanding Section 10(23C)(iiiad) of the Income Tax Act

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Section 10(23C)(iiiad) of the Income Tax Act, 1961 is a provision that exempts income earned by any university or educational institution from taxation. This...
Mastering the Art of Winning under Income Tax Act: Key Sections to Keep in Mind

Mastering the Art of Winning under Income Tax Act: Key Sections to Keep in...

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The Income Tax Act, 1961 is a complex and comprehensive legislation that governs the taxation of income in India. It outlines the various provisions...
Section 80DDB of Income Tax Act: A Comprehensive Guide for AY 2021-22

Section 80DDB of Income Tax Act: A Comprehensive Guide for AY 2021-22

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The Income Tax Act, of 1961 provides several deductions and exemptions to taxpayers to reduce their tax liability. One such deduction is available under...
Section 147 of the Income Tax Act: Procedure for Reopening Assessments

Section 147 of the Income Tax Act: Procedure for Reopening Assessments

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Section 147 of the Income Tax Act is an important provision that allows the income tax department to reopen an assessment or reassessment in...