Section 40a(7) of the Income Tax Act: Understanding its Provisions and Impact.
Introduction
Section 40a(7) of the Income Tax Act is a crucial provision that governs the disallowance of certain expenses for income tax purposes. It is...
Section 90A of the Income Tax Act, 1961: Understanding Double Taxation Avoidance and Advance...
Section 90A of the Income Tax Act, 1961 is an important provision that deals with the mechanism for relief from double taxation in cases...
Section 286 of Income Tax Act: Country-by-Country Reporting and its Importance
Section 286 of the Income Tax Act: An Overview
Section 286 of the Income Tax Act deals with country-by-country reporting (CBCR) requirements for multinational corporations...
Understanding Section 234E: Late Filing Fee for TDS/TCS Statements
Understanding Section 234E of Income Tax Act: A Comprehensive Guide
Section 234E of the Income Tax Act, 1961 deals with the levy of a fee...
Section 43A of Income Tax Act: A Comprehensive Guide to its Provisions and Implications
Introduction:
Section 43A of the Income Tax Act was introduced to address the accounting treatment of certain expenses and incomes. It was introduced to prevent...
Exemptions Under Section 10 of Income Tax Act: A Comprehensive Guide
Introduction
Taxes are an essential source of revenue for the government to finance various welfare programs and developmental activities. Income tax is levied on the...
Understanding Section 88 of the Income Tax Act: Benefits, Limitations, and FAQs.
Section 88 of the Income Tax Act is a provision that allows taxpayers to claim deductions from their taxable income by investing in specified...
Section 2(15) of Income Tax Act: Definition of Charitable Purpose and Tax Benefits for...
Understanding Section 2(15) of the Income Tax Act
The Income Tax Act, 1961 is a comprehensive statute that governs the taxation of income in India....
Understanding the Definition of a Company under the Income Tax Act: A Comprehensive Guide
The Income Tax Act, 1961, is a comprehensive statute that governs the taxation of income in India. It covers various types of taxpayers, including...
Section 254 of Income Tax Act – All You Need to Know
Introduction
Income Tax Act, 1961 is a comprehensive piece of legislation that governs the taxation of income in India. One of the important sections of...