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...
Section 87A of Income Tax Act: Eligibility, Rebate Amount and Calculation
Individual taxpayers who have a total income below a specified threshold are eligible for tax relief through Section 87A of the Income Tax Act,...
Understanding Section 16(ii) of the Income Tax Act: Valuation of Perquisites, Exemptions, and Other...
Section 16(ii) of the Income Tax Act, 1961 is a crucial provision that determines the taxability of perquisites or benefits in kind provided to...
Understanding Section 144B of the Income Tax Act: A Guide to Dispute Resolution and...
Section 144B of the Income Tax Act is a relatively new provision that was introduced in 2021 to bring in more transparency and accountability...
Section 10(16) of Income Tax Act: Understanding the Exemption and Recent Changes
Section 10(16) of the Income Tax Act: An Overview
The Income Tax Act, 1961, governs the taxation of income earned in India. Section 10(16) of...
Understanding Section 2(22)(e) of the Income Tax Act: A Comprehensive Guide
Introduction:
Section 2(22)(e) of the Income Tax Act is a crucial provision that determines the tax liability of a taxpayer in cases where a company...
Understanding Section 115JD of the Income Tax Act: Carry-Forward and Set-Off of Accumulated Losses...
Introduction:
Section 115JD of the Income Tax Act, 1961 is a provision that deals with the carry-forward and set-off of accumulated losses and unabsorbed depreciation...
Understanding Section 10(37) of Income Tax Act: Exemption on Transfer of Agricultural Land
Section 10(37) of the Income Tax Act: An Overview
Section 10(37) of the Income Tax Act exempts long-term capital gains (LTCG) arising from the transfer...
Section 45(4) of the Income Tax Act: Understanding the Tax Implications on Distribution of...
Introduction:
The Income Tax Act is the law that governs the taxation of income in India. Section 45(4) of the Income Tax Act is an...
Understanding Section 115-O of the Income Tax Act: Implications for Companies and Investors
Section 115-O of the Income Tax Act: Dividend Distribution Tax
Dividends are a popular form of return on investment, and many companies distribute dividends to...