Understanding Section 143(1)(a) of the Income Tax Act
The Indian Income Tax Act has various provisions that govern the filing and assessment of income tax returns. One such provision is Section 143(1)(a),...
Understanding Section 192 of Income Tax Act 2018-19: A Comprehensive Guide
Section 192 of the Income Tax Act, 1961 lays down the provisions for TDS (Tax Deducted at Source) on salaries. It is an important...
Understanding Section 24B of Income Tax Act 1961: Deduction for Interest on Housing Loan
Purchasing a house is one of the biggest financial decisions that an individual can make in their lifetime. To help taxpayers with this, the...
Disallowance of Expenses Incurred for Non-Compliance with Tax Laws (Section 24B)
Section 87A of the Income Tax Act, 1961 is a beneficial provision for individual taxpayers who fall in the lower income bracket. This section...
Understanding Section 194JA of Income Tax Act
Section 194JA of the Income Tax Act, 1961, deals with the TDS (Tax Deducted at Source) provisions applicable to remuneration paid to directors or...
Understanding Section 148 of the Income Tax Act 2021: An Overview
The Income Tax Act, 2021 is the latest legislation governing income tax in India. Section 148 of the Income Tax Act 2021 is a...
Understanding Section 54EC of the Income Tax Act: Benefits and Eligibility
Section 54EC of the Income Tax Act, 1961, provides tax benefits to individuals or Hindu Undivided Families (HUFs) who invest capital gains from the...
Understanding Section 210 of the Income Tax Act: All You Need to Know About...
Section 210 of the Income Tax Act, 1961 is an important provision that deals with the payment of advance tax. It is essential for...
An Overview of Section 206 CR of the Income Tax Act: TDS on Payments...
Section 206 CR of the Income Tax Act is an important provision that relates to the obligation of deducting tax at source (TDS) on...
Understanding Section 10(18) of the Income Tax Act: Tax Exemption for Scheduled Tribes in...
Section 10(18) of the Income Tax Act is a provision that exempts certain incomes earned by a member of a Scheduled Tribe residing in...