Section 35(1)(ii) of the Income Tax Act: A Comprehensive Guide to Scientific Research Expenditure...
Section 35(1)(ii) of the Income Tax Act is an important provision that allows businesses to claim deductions for any expenditure incurred on scientific research....
Understanding Section 203 of the Income Tax Act: TDS on Salary
Understanding Section 203 of Income Tax Act: TDS on Salary
The Indian income tax system is governed by a set of laws and regulations, including...
Understanding Section 80CCD of the Income Tax Act: Benefits and Eligibility Criteria
Section 80CCD of the Income Tax Act: A Comprehensive Guide
The Income Tax Act of India contains several provisions that offer tax benefits to taxpayers...
Section 194D of Income Tax Act: Everything You Need to Know
Section 194D of the Income Tax Act is a provision that deals with the TDS (Tax Deducted at Source) on insurance commission. As per...
Section 58 of Income Tax Act and its Implications on Preferential Allotment of Shares
Introduction
Section 58 of the Income Tax Act pertains to the concept of "Preferential Allotment" of shares by companies to specific entities or persons. This...
Understanding Section 149 of the Income Tax Act: Time Limit for Issuing Notices and...
Introduction
The Income Tax Act, 1961 is a comprehensive statute that lays down the provisions for the taxation of income earned by individuals, companies, and...
Understanding Section 80D of Income Tax Act: A Comprehensive Guide to Health Insurance Tax...
Section 80D of the Income Tax Act: An Overview
Section 80D of the Income Tax Act provides tax benefits to individuals for the payment of...
Section 12 of the Income Tax Act: An Overview of the Exemption for Charitable...
Introduction:
The Income Tax Act of India, 1961, contains several provisions that govern the taxation of income earned by individuals and entities. One such provision...
Section 45 of Income Tax Act, 1961 – Understanding Capital Gains Tax in India
Section 45 of the Income Tax Act, 1961 is an important provision that deals with the taxation of capital gains arising from the transfer...
Understanding Section 2 of the Income Tax Act: Definitions
Introduction:
Income tax is a direct tax levied on the income earned by individuals, companies, and other entities. The Income Tax Act is the legislation...