Section 194DA of Income Tax Act: Everything You Need to Know
Section 194DA of the Income Tax Act, 1961, was introduced in 2014, and it deals with the tax implications of payouts made on life...
A Step-by-Step Guide on How to Pay Income Tax Online
Paying income tax is a mandatory requirement for all individuals and entities earning taxable income in a given fiscal year. The process of paying...
Understanding Section 149 of the Income Tax Act: Roles and Responsibilities of Directors
Section 149 of the Income Tax Act is an important provision that outlines the roles and responsibilities of directors regarding income tax compliance. This...
Understanding Section 10(14) of the Income Tax Act
The Indian Income Tax Act is a complex set of rules and regulations governing taxation in India. Among its many sections is Section 10(14),...
Understanding Section 92E of Income Tax Act – Transfer Pricing
92E of the Income Tax Act, of 1961 deals with Transfer Pricing. This section was introduced to curb the practice of multinational companies shifting...
Understanding Section 14A of Income Tax Act: A Comprehensive Guide
The Income Tax Act, of 1961 contains several provisions that are aimed at ensuring that taxpayers do not evade taxes. One such provision is...
Understanding Section 40A(3) of the Income Tax Act: Implications and Consequences
The Income Tax Act, of 1961, is one of the most significant tax laws in India that governs the taxation of individuals and businesses....
Understanding Section 139(9) of the Income Tax Act: An Overview
The Income Tax Act is a comprehensive legislation that governs taxation in India. It contains various provisions related to the assessment, collection, and recovery...
Understanding Section 119(2)(b) of Income Tax Act: A Comprehensive Guide
The Income Tax Act of India is a crucial legislation that regulates the taxation system in the country. Among the many provisions in the...
Understanding Section 92CD of Income Tax Act: An Overview
Section 92CD is a crucial provision under the Income Tax Act that pertains to the computation of income from an international transaction or specified...