Understanding Section 269T of the Income Tax Act: Prohibition of Cash Repayment of Loans...
Introduction:
The Income Tax Act, 1961 is the law that governs the taxation of income in India. Section 269T of the Income Tax Act, 1961...
Section 80C of Income Tax Act: Understanding Tax Savings and Common Misconceptions
Section 80C of the Income Tax Act is one of the most popular tax-saving provisions in India. It allows taxpayers to reduce their taxable...
Understanding Section 172 of the Income Tax Act: Filing Tax Returns for a Deceased...
Understanding Section 172 of Income Tax Act: A Comprehensive Guide
When a person passes away, the process of settling their estate can be complex and...
Section 35D of Income Tax Act: Deduction for Expenditure on Intangible Assets
Section 35D of the Income Tax Act, 1961 is an important provision that deals with the expenses incurred on the acquisition of certain assets...
Understanding Section 13(3) of the Income Tax Act, 1961: A Comprehensive Guide.
Section 13(3) of the Income Tax Act, 1961 deals with the taxation of income received or accrued outside India. This section specifies the circumstances...
Section 115O of Income Tax Act: A Comprehensive Guide to Dividend Distribution Tax (DDT)
Section 115O of the Income Tax Act, 1961 deals with the distribution of profits by domestic companies. This section was introduced in the Finance...
Section 115BAB of Income Tax Act 1961: All You Need to Know
Introduction
Section 115BAB of the Income Tax Act, 1961 was introduced in the Finance (No. 2) Act 2019 and it provides for a concessional tax...
Understanding Section 24 of Income Tax Act AY 2016-17: Deductions for Home Loan Interest...
Section 24 of the Income Tax Act, AY 2016-17 pertains to the deductions that are applicable on the income generated from owning a house...
Section 132 of Income Tax Act: Search and Seizure – Safeguards and Legal Remedies
Section 132 of the Income Tax Act: Understanding the Powers of Search and Seizure
The Income Tax Act empowers the Income Tax Department to carry...
Section 200(1) of Income Tax Act: Everything You Need to Know
Understanding Section 200(1) of Income Tax Act
The Income Tax Act, 1961 is a comprehensive legislation that governs the taxation of income in India. Section...