Understanding Section 10(13A) of Income Tax Act: A Comprehensive Guide to Leave Travel Allowance...
Section 10(13A) of the Income Tax Act is a provision that provides for the tax exemption on leave travel allowance or LTA. This provision...
Understanding Section 10(16) of Income Tax Act 1961: Exemption for Gratuity
The Income Tax Act of 1961 is a crucial legislation that governs the taxation of individuals and businesses in India. It comprises various sections...
What is Section 194NF and How Does it Affect Unit Holders of Business Trusts...
Section 194NF of the Income Tax Act, 1961 was introduced by the Finance Act, 2021, and came into effect from April 1, 2021. This...
Maximizing Deductions for Your Business: A Guide to Section 36 of the Income Tax...
Section 36 of the Income Tax Act pertains to the deductions allowed to a taxpayer from their taxable income. These deductions are allowable expenses...
Understanding Section 148A of Income Tax Act: Time Limit for Reopening Assessment
The Indian Income Tax Act of 1961 provides the legal framework for the collection and management of income tax in the country. Under this...
Understanding Section 10(11) of the Income Tax Act: Exemption for Scheduled Tribes
Section 10(11) of the Income Tax Act provides an exemption on the income received by an individual who is a member of a recognized...
Understanding Section 16A of the Income Tax Act: An Overview
The Indian Income Tax Act, of 1961, lays down the rules and regulations for tax calculation and payment in India. Section 16A of the...
Understanding Section 112 of the Income Tax Act: A Guide to Taxation of Long-Term...
Section 112 of the Income Tax Act deals with the taxation of long-term capital gains arising from the transfer of capital assets. In this...
Understanding Section 17 of the Income Tax Act: A Comprehensive Guide
The Income Tax Act, of 1961 is an important legislation governing the taxation of income in India. Section 17 of the Income Tax Act...
Understanding Section 194H of the Income Tax Act: All You Need to Know
Section 194H of the Income Tax Act is a provision that deals with the deduction of tax at source (TDS) on commission or brokerage...