Section 143(1A) of Income Tax Act: Compliance Requirements and Benefits for Taxpayers
Section 143(1A) of the Income Tax Act, 1961 is an important provision that was introduced by the Finance Act, 2016. This provision requires taxpayers...
Understanding the Case Laws Related to Section 148 of the Income Tax Act: A...
Section 148 of the Income Tax Act empowers the assessing officer to reopen an assessment if he has reason to believe that income chargeable...
Understanding Section 92B of the Income Tax Act: Preventing Transfer Pricing and Ensuring Fair...
Section 92B of the Income Tax Act is an important provision that deals with the computation of income in the case of international transactions...
Understanding Section 153B of the Income Tax Act: Time Limits for Assessments, Re-assessments, and...
Section 153B of the Income Tax Act is an important provision that deals with the time limit for the completion of assessments, re-assessments, and...
Understanding Section 194P of the Income Tax Act: Exemption from TDS for Senior Citizens
Section 194P of the Income Tax Act, 1961 was introduced in the Union Budget 2021 and is applicable from 1st July 2021. This section...
Understanding Section 206AB of the Income Tax Act: Implications for Taxpayers and Tax Deductors
Section 206AB of the Income Tax Act: An Overview
The Indian government has been implementing several measures to tackle tax evasion and increase compliance with...
Section 139(5) of Income Tax Act 1961: An Overview of Belated and Revised Return...
Section 139(5) of the Income Tax Act 1961 is an important provision that deals with the filing of income tax returns. It lays down...
Understanding Section 80CCD of the Income Tax Act, 2015: A Comprehensive Guide to Tax...
Section 80CCD of the Income Tax Act 2015: Understanding the Basics
Section 80CCD is a provision of the Income Tax Act, 2015 that allows taxpayers...
Section 54 of the Income Tax Act: Understanding the Tax Exemption on Long-term Capital...
Section 54 of the Income Tax Act: Understanding Capital Gains Exemption
Section 54 of the Income Tax Act provides exemptions on long-term capital gains, which...
Section 194JB of the Income Tax Act: An Overview and Impact on Non-Resident Investors...
Understanding Section 194JB of the Income Tax Act
Section 194JB of the Income Tax Act, 1961 is a relatively new section that was introduced in...