Income Tax

Section 10(10D) of the Income Tax Act

Section 10(10D) of the Income Tax Act: Tax Exemption on Life Insurance Policies

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Understanding Section 10(10D) of the Income Tax Act As a taxpayer, it is important to be aware of the various sections of the Income Tax...
Section 10(14)(i) and Rule 2bb of Income Tax Act 1961

Section 10(14)(i) and Rule 2bb of Income Tax Act 1961: Exemptions for Allowances and...

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Section 10(14)(i) and Rule 2bb of Income Tax Act 1961: An Overview The Indian Income Tax Act of 1961 governs the taxation of income earned...
Section 40B of Income Tax Act

Section 40B of Income Tax Act: A Comprehensive Guide to Remuneration Paid to Working...

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Understanding Section 40B of Income Tax Act AY 2018-19 Section 40B of the Income Tax Act deals with the deduction of remuneration to a working...
Understanding Section 24 of the Income Tax Act, AY 2018-19

Understanding Section 24 of the Income Tax Act, AY 2018-19: Deductions for Interest on...

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Section 24 of the Income Tax Act, 1961 deals with the deductions available from income under the head “Income from House Property”. In this...
Section 226(3) of the Income Tax Act

Section 226(3) of the Income Tax Act: Everything You Need to Know

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Section 226(3) of the Income Tax Act: An Overview The Income Tax Act of 1961 is a comprehensive legislation that lays down the various provisions...
Section 91 of the Income Tax Act

Section 91 of the Income Tax Act: Everything You Need to Know

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Section 91 of the Income Tax Act is an important provision that deals with the liability of a person for payment of tax, interest...
Section 27 of Income Tax Act

Section 27 of Income Tax Act: Understanding Deductions for Business Expenses

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Section 27 of the Income Tax Act is an important provision that lays down the rules for the deduction of expenses from income earned...
Section 44B of the Income Tax Act

Section 44B of the Income Tax Act: An Overview for Non-Resident Shipping Companies and...

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Section 44B of the Income Tax Act, 1961 deals with the taxation of income earned by a non-resident shipping company or foreign shipping company...
Understanding Section 40A(3A) of the Income Tax Act

Understanding Section 40A(3A) of the Income Tax Act: Prohibitions on Cash Payments and Promotion...

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Section 40A(3A) of the Income Tax Act: An Overview The Income Tax Act of India, 1961, governs the collection and regulation of income tax in...
Section 80CCD(1B) of Income Tax Act

Section 80CCD(1B) of Income Tax Act: All You Need to Know

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Introduction Section 80C of the Income Tax Act provides tax benefits to taxpayers for certain investments made during the year. However, section 80CCD(1B) is an...