Understanding Section 197A of the Income Tax Act: TDS on Payment of Certain Sum...
The Indian Income Tax Act contains various provisions for the deduction of tax at source (TDS) by certain individuals or entities, such as employers...
Commercial and Economic Activities under Income Tax Act Section
The Income Tax Act of 1961 is the backbone of the Indian taxation system, and it governs various commercial and economic activities that are...
Understanding Section 139(2) of Income Tax Act
Every year, taxpayers in India are required to file their income tax returns (ITR) within the stipulated deadline. However, there may be instances where...
Section 10IB of Income Tax Act: A Boon for Startups
Section 10IB of the Income Tax Act, 1961 was introduced in the Finance Act, 2016 to promote the growth of startups in India. This...
Understanding Section 9D of the Income Tax Act: Implications for Non-Residents Earning Income in...
Section 9D of the Income Tax Act is a crucial provision that affects non-residents who earn income in India. This provision defines the scope...
Understanding Section 139(4d) of Income Tax Act: A Comprehensive Guide
Section 139(4d) of the Income Tax Act is a crucial provision that every taxpayer in India should be aware of. This section deals with...
Section 87A of Income Tax Act 1961: A Relief for Low-Income Earners
The Income Tax Act, 1961, is a comprehensive legislation that governs the taxation of income in India. It provides for various provisions, deductions, exemptions,...
Understanding Section 24 of the Income Tax Act AY 2015-16: Deduction of Interest on...
The Indian government introduced the Income Tax Act in 1961, which lays down the regulations for paying income tax in India. The Act has...
Understanding Section 11 of the Income Tax Act: Exemption for Agricultural Income
The Income Tax Act, 1961 is a comprehensive legislation that governs the taxation of income in India. One of the significant provisions of the...
Understanding Section 206C(1H) of the Income Tax Act, 1961: A Comprehensive Guide
Section 206C(1H) was introduced in the Income Tax Act, 1961, by the Finance Act 2020, and it has significant implications for businesses that engage...