Understanding Section 4 of the Income Tax Act: Key Provisions, Impact on Businesses, and...
Section 4 of the Income Tax Act, 1961 is an essential provision that lays down the foundation for the taxation of income in India....
Understanding Section 72A of the Income Tax Act: Benefits and FAQs
Section 72A of the Income Tax Act is an important provision that allows taxpayers to carry forward and set off the business loss incurred...
Understanding Section 144 of the Income Tax Act: A Comprehensive Guide
Section 144 of the Income Tax Act, 1961 empowers the assessing officer to issue an order for the best judgment assessment of an assessee....
Section 10(15) of the Income Tax Act: Exemptions and Key Features
Section 10(15) of the Income Tax Act is an important provision that exempts certain types of incomes from being taxed. In this blog, we...
Understanding Section 37(1) of the Income Tax Act: Eligible Deductions for Businesses and Professions
Introduction:
The Indian Income Tax Act, 1961, is a comprehensive law that governs the taxation of income earned by individuals, businesses, and other entities in...
Understanding Section 112(1) of the Income Tax Act: Taxation of Long-term Capital Gains
Section 112(1) of the Income Tax Act: An Overview
Section 112(1) of the Income Tax Act is an important provision that deals with the taxation...
Understanding Section 44AA(1) of the Income Tax Act: The Requirement to Maintain Books of...
Section 44AA(1) of the Income Tax Act is an important provision that mandates certain categories of taxpayers to maintain books of accounts. In this...
Understanding Section 10(10AA) of the Income Tax Act: Exemption for Leave Encashment
Section 10(10AA) of the Income Tax Act, 1961 is a provision that offers relief to taxpayers on the taxability of specific types of leave...
Understanding Section 10(1) of the Income Tax Act: Exemptions for Various Incomes, Allowances, and...
Section 10(1) of the Income Tax Act, 1961, is one of the most important provisions for computing the taxable income of an individual. It...
Section 80EEB of Income Tax Act: A Comprehensive Guide to Tax Benefits on Electric...
Understanding Section 80EEB of Income Tax Act: A Comprehensive Guide
Income tax is an essential component of our financial responsibilities as citizens. It is essential...