Section 44AA of Income Tax Act 1961: A Comprehensive Guide for AY 2017-18
Introduction
Section 44AA of the Income Tax Act, 1961 is one of the most important provisions for small business owners in India. This section lays...
“Understanding Section 44AB of the Income Tax Act for Assessment Year 2017-18: Tax Audit...
Section 44AB of the Income Tax Act, 1961, lays down the provisions for tax audit for businesses and professionals. This section outlines the rules...
Understanding Section 115BBDA of the Income Tax Act: Implications and FAQs
Section 115BBDA of the Income Tax Act: An Overview
Section 115BBDA of the Income Tax Act, 1961 is a provision that was introduced in the...
Understanding Section 40(b) and 40(ba) of the Income Tax Act: Deductions for Remuneration and...
Section 40(b) and 40(ba) of the Income Tax Act, 1961, deal with the deduction of remuneration paid to partners of a partnership firm. These...
Understanding Section 192(1A) of the Income Tax Act and its Impact on EPF Withdrawals
Section 192(1A) of the Income Tax Act is an important provision that governs the tax deduction at source (TDS) on premature withdrawal of employee...
Understanding Section 234F of Income Tax Act: Penalty for Late Filing of Income Tax...
Understanding Section 234F of Income Tax Act for AY 2020-21
Filing income tax returns on time is mandatory for every taxpayer in India. Failure to...
Section 80C of Income Tax Act: A Comprehensive Guide to Deductions and Eligible Investments
Section 80C of the Income Tax Act is a popular section among taxpayers in India as it offers several deductions from the gross total...
Section 253 of Income Tax Act: An Overview of Appellate Process before ITAT
Understanding Section 253 of Income Tax Act
The Income Tax Act is a comprehensive law that governs the taxation system in India. Section 253 of...
Understanding Section 140 of the Income Tax Act: Everything You Need to Know about...
Section 140 of the Income Tax Act, 1961 is an important provision that deals with the filing of returns of income by taxpayers. In...
Understanding Section 80D of the Income Tax Act: Tax Benefits for Medical Expenses
Section 80D of the Income Tax Act is a provision that offers tax benefits to taxpayers for medical expenses incurred by them or their...