Understanding Section 10(13A) of the Income Tax Act: Exemption for House Rent Allowance (HRA)
Understanding Section 10(13A) of the Income Tax Act
The Income Tax Act, 1961 is a comprehensive law that governs the taxation of individuals, firms, companies,...
Section 54F of Income Tax Act for AY 2021-22: Understanding Exemption on Long-Term Capital...
Section 54F of the Income Tax Act, 1961 provides an exemption on capital gains arising from the sale of a long-term asset, if the...
Understanding Section 276CC of the Income Tax Act: Penalties for Willful Tax Evasion in...
Section 276CC of the Income Tax Act: An Overview
Section 276CC of the Income Tax Act is an important provision that deals with the offence...
Section 269SS of Income Tax Act 2017: All You Need to Know
Section 269SS of the Income Tax Act, 1961 deals with the restriction on accepting loans or deposits in cash. This section prohibits any individual...
Understanding Section 56(2)(vii) of the Income Tax Act: Taxation on Gifts and its Implications
Section 56(2)(vii) of the Income Tax Act: An Overview
The Indian Income Tax Act, 1961, includes various provisions that regulate taxation on income earned by...
Understanding Section 194M of the Income Tax Act 1961: Applicability, Rates, and Compliance
Introduction
Section 194M of the Income Tax Act, 1961 was introduced in Budget 2019 and came into effect from September 1, 2019. This section requires...
Understanding Section 111A of the Income Tax Act, 1961: Taxation of Short-Term Capital Gains...
Section 111A of the Income Tax Act, 1961 deals with the taxation of short-term capital gains arising from the sale of equity shares, units...
Understanding Exemptions Under Section 10 of the Income Tax Act
Section 10 of the Income Tax Act provides for a variety of exemptions from taxation on certain types of income. These exemptions are designed...
All about section 73 of Income Tax Act
Section 73 of the Income Tax Act, 1961 is an important provision that deals with the treatment of losses incurred in speculation business. Speculation...
Section 80CCG: A Comprehensive Guide to Tax Benefits for First-time Investors under RGESS Scheme
Section 80CCG of the Income Tax Act, 1961 was introduced in the Union Budget of 2012-13 as a measure to encourage retail investors to...