Understanding Section 10(2) of the Income Tax Act: Exemptions for Certain Types of Income
Introduction
Section 10(2) of the Income Tax Act, 1961 is an important provision that deals with the income that is exempt from tax. It specifies...
Section 89(1) of Income Tax Act – Relief on Arrears in Lump Sum Payments
Section 89(1) of the Income Tax Act, 1961 is an important provision that provides relief to taxpayers who receive arrears of salary or other...
Section 133A of Income Tax Act: Empowering Authorities to Ensure Compliance
Introduction
Section 133A of the Income Tax Act empowers Income Tax authorities to enter and inspect any premises for the purpose of enforcing the provisions...
Understanding Section 115UB of the Income Tax Act: A Guide to Taxation of Alternative...
Introduction:
Section 115UB of the Income Tax Act, 1961 deals with the taxation of income from investment made by a specified entity. This section is...
Understanding Section 191 of the Income Tax Act: Liability for Non-Compliance
Understanding Section 191 of the Income Tax Act: A Comprehensive Guide
The Indian Income Tax Act is a complex piece of legislation that is often...
Section 10(38) of Income Tax Act 1961: Exemption on Long-Term Capital Gains
Section 10(38) of the Income Tax Act, 1961 provides for the exemption of long-term capital gains arising from the transfer of equity shares or...
Understanding Section 9B of the Income Tax Act: Implications and Recent Amendments
Section 9B of the Income Tax Act: An Overview
The Indian Income Tax Act is a complex and extensive statute that governs the taxation of...
Understanding Section 16 of the Income Tax Act for Assessment Year 2021-22
Section 16 of the Income Tax Act, 1961, deals with the computation of income under the head "Salary." This section is crucial for both...
Section 68 of the Income Tax Act, 1961: Understanding the Burden of Proof and...
Introduction
Section 68 of the Income Tax Act, 1961 deals with cash credits in the books of accounts of an assessee. It provides that if...
Understanding Section 44AB of the Income Tax Act: A Guide to Tax Audit Requirements...
Section 44AB of the Income Tax Act is a crucial provision that outlines the statutory audit requirements for certain categories of taxpayers. It mandates...