Section 35 of Income Tax Act: A Comprehensive Guide to Tax Benefits for Scientific...
Section 35 of the Income Tax Act is an important provision that deals with the deductions that can be claimed by businesses and individuals...
Section 153 of the Income Tax Act
Section 153 of the Income Tax Act is a crucial provision that deals with the time limit for completion of assessments, reassessments, and re-computations...
The Impact of Section 115JB on Corporate Taxation in India
Section 115JB of the Income Tax Act, of 1961, was introduced to ensure that companies, particularly those earning substantial profits, pay their fair share...
Understanding Section 10(38) of the Income Tax Act
Section 10(38) of the Income Tax Act, of 1961 is an important provision that deals with the taxation of capital gains arising from the...
Section 24(b) of Income Tax Act: Understanding the Deduction on Home Loan Interest Payments
Section 24(b) of the Income Tax Act is an essential provision that outlines the tax benefits that homeowners can claim on the interest paid...
Understanding Section 79 of the Income Tax Act: A Guide to Carry Forward and...
Section 79 of the Income Tax Act is an important provision that deals with the carry forward and set off of losses incurred by...
Understanding Section 40B of the Income Tax Act, 1961: Disallowance of Interest on Borrowed...
Section 40B is a provision under the Income Tax Act that deals with the disallowance of interest on certain borrowed capital. The section applies...
Understanding Section 10(26AAA) of the Income Tax Act: Tax Exemptions for Scheduled Tribes Residing...
Section 10(26AAA) of the Income Tax Act is a provision that provides tax exemption to members of Scheduled Tribes residing in specified areas. This...
Understanding Section 10(10) of the Income Tax Act: Gratuity Exemptions Explained
Gratuity is an amount paid by an employer to an employee as a token of appreciation for the services rendered by the employee. It...
Understanding Section 285BA of the Income Tax Act: Reporting Requirements for Financial Transactions
Section 285BA of the Income Tax Act was introduced in 2020 to promote transparency in financial transactions and make compliance easier for taxpayers. This...