Section 80EE of Income Tax Act 1961: A Comprehensive Guide for First-Time Homebuyers
Introduction:
The Income Tax Act, 1961 provides several deductions and exemptions to taxpayers. One such deduction is Section 80EE, which is available to first-time homebuyers....
Understanding Section 54E of the Income Tax Act: Exemption on Long-Term Capital Gains Tax
Section 54E of the Income Tax Act is a provision that provides relief to taxpayers who have sold a long-term capital asset and wish...
Understanding Income Tax: A Comprehensive Guide to Deductions and FAQs
Introduction
As a taxpayer in India, it is essential to understand the various deductions available under the Income Tax Act. Deductions help reduce the tax...
Section 206 of Income Tax Act: Everything You Need to Know about TDS Deduction
Understanding Section 206 of Income Tax Act: A Comprehensive Guide
The Income Tax Act of 1961 is an important legal document that outlines the rules...
Understanding Section 276B of the Income Tax Act: Offenses and Legal Remedies
Section 276B of the Income Tax Act: Understanding the Law and its Implications
Section 276B of the Income Tax Act is an important provision that...
“Understanding Section 54EE of the Income Tax Act: Exemption from Capital Gains Tax on...
Section 54EE of the Income Tax Act was introduced in the Finance Act, 2018. It provides for an exemption from capital gains tax on...
Section 11UA of Income Tax Act: Understanding Tax-Neutral Treatment for Demergers and Restructurings
Understanding Section 11UA of Income Tax Act
Section 11UA of the Income Tax Act is a provision that was introduced in 2013 as part of...
Understanding Section 194Q of the Income Tax Act: Implications for Buyers and Suppliers
Section 194Q of the Income Tax Act: An Overview
In the Union Budget 2021, the Finance Minister announced the introduction of a new section, Section...
Section 80A of Income Tax Act: Guidelines for Computing Total Income and Deductions
Section 80A of the Income Tax Act, 1961 is an important provision that lays down the rules for computing the total income of an...
Section 36(1)(iii) of Income Tax Act: Understanding the Deduction for Repair and Maintenance Expenses
Section 36(1)(iii) of the Income Tax Act, 1961 is an important provision that deals with the deduction of expenses incurred on the repairs and...