Income Tax

Section 87A of Income Tax Act: Eligibility, Rebate Amount and Calculation

Section 87A of Income Tax Act: Eligibility, Rebate Amount and Calculation

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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 Aspects

Understanding Section 16(ii) of the Income Tax Act: Valuation of Perquisites, Exemptions, and Other...

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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...
Section 144B of the Income Tax Act - Marg ERP

Understanding Section 144B of the Income Tax Act: A Guide to Dispute Resolution and...

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Section 144B of the Income Tax Act is a relatively new provision that was introduced in 2021 to bring in more transparency and accountability...
The Income Tax Act, 1961, governs the taxation of income earned in India. Section 10(16) of the Act provides for the exemption of certain incomes earned by specified entities.

Section 10(16) of Income Tax Act: Understanding the Exemption and Recent Changes

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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

Understanding Section 2(22)(e) of the Income Tax Act: A Comprehensive Guide

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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 and Unabsorbed Depreciation

Understanding Section 115JD of the Income Tax Act: Carry-Forward and Set-Off of Accumulated Losses...

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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...
Section 10(37) of Income Tax Act - Marg ERP

Understanding Section 10(37) of Income Tax Act: Exemption on Transfer of Agricultural Land

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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 Assets by Companies

Section 45(4) of the Income Tax Act: Understanding the Tax Implications on Distribution of...

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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...
Section 115-O of the Income Tax Act - Marg ERP

Understanding Section 115-O of the Income Tax Act: Implications for Companies and Investors

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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...
Understanding Section 201 of the Income Tax Act: Everything You Need to Know About Tax Deducted at Source (TDS)

Understanding Section 201 of the Income Tax Act: Everything You Need to Know About...

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Understanding Section 201 of the Income Tax Act The Income Tax Act of India, 1961, is the governing legislation for income tax in India. It...