Understanding Section 10(35) of Income Tax Act and its Impact on Tax Liability and...
Introduction
Section 10(35) of the Income Tax Act, 1961 provides exemption to certain income earned by a specified entity. In this blog post, we will...
Section 145A of Income Tax Act: Understanding the Provisions and Compliance Requirements
Introduction:
The Indian Income Tax Act, 1961 is a comprehensive legislation that governs the taxation of income in India. One of the important provisions of...
Understanding Section 80 of the Income Tax Act: A Guide to Deductions and Exemptions
Introduction
Section 80 of the Income Tax Act, 1961 is a provision that offers tax deductions to individuals and entities who make certain investments or...
Understanding Section 12AB of Income Tax Act: Changes in Registration and Operation of Charitable...
Section 12AB of the Income Tax Act, 1961, was introduced by the Finance Act, 2020, and it governs the registration and functioning of a...
Determining Residential Status Under Section 12 of the Income Tax Act: A Comprehensive Guide
Section 12 of the Income Tax Act, 1961, deals with the determination of the residential status of an individual. The residential status of an...
Section 245 of Income Tax Act: A Comprehensive Guide to Settlement Commission’s Powers and...
Understanding Section 245 of Income Tax Act: Meaning, Scope and Implications
Section 245 of the Income Tax Act, 1961, deals with the concept of Settlement...
Understanding Section 2(22) of the Income Tax Act: Definition of Dividend and its Implications
Introduction:
The Income Tax Act, 1961 is a comprehensive law that governs the taxation of income in India. Section 2(22) of the Act is an...
Understanding Section 194-IA of the Income Tax Act: TDS on Property Transactions
Section 194-IA of the Income Tax Act: A Comprehensive Guide
The Income Tax Act of India contains several provisions related to the deduction of tax...
Section 206C(1H) of Income Tax Act: A Comprehensive Guide
Understanding Section 206C(1H) of Income Tax Act
The Income Tax Act of India has undergone several amendments over the years to ensure that the tax...
Understanding Section 143 of the Income Tax Act: Procedures for Processing Income Tax Returns...
Introduction
Section 143 of the Income Tax Act, 1961 is an important provision that governs the processing of income tax returns filed by taxpayers. The...