Understanding Section 24A of the Income Tax Act: Taxation on Unrealized Rent or Deemed...
Understanding Section 24A of Income Tax Act: All You Need to Know
Section 24A of the Income Tax Act was introduced in the year 2017,...
Understanding the Income Tax Act: Important Sections
Introduction
The Income Tax Act is the primary legislation governing the imposition and collection of income tax in India. The Act has various sections that...
Understanding Section 244A of Income Tax Act: Interest on Refunds
Introduction:
Section 244A of the Income Tax Act, 1961 is an important provision that deals with the issue of refund of excess tax paid by...
Understanding Section 2 of the Income Tax Act, 1961: Key Definitions and Their Significance
Introduction
Income tax is a tax levied by the government on the income earned by individuals, businesses, and other entities. The Income Tax Act, 1961,...
Section 56(2) of Income Tax Act: All You Need to Know
Section 56(2) of the Income Tax Act, 1961, deals with the taxation of income from other sources. It is an important provision that applies...
Understanding Section 44 of the Income Tax Act: Guidelines for Computation of Taxable Income...
Introduction
Section 44 of the Income Tax Act is an important provision that deals with the manner of computation of profits and gains of a...
Understanding Section 10(23C) of the Income Tax Act: Exemption for Educational and Medical Institutions
Section 10(23C) of the Income Tax Act: An Overview
The Income Tax Act of 1961 provides numerous tax exemptions and deductions to taxpayers. One such...
Understanding Section 43CA of Income Tax Act: Everything You Need to Know
Introduction
Section 43CA of the Income Tax Act, 1961 is a provision that deals with the taxation of certain transactions related to immovable property. This...
Section 139(4a) of Income Tax Act: All You Need to Know
Introduction
The Income Tax Act, 1961 contains various provisions for the assessment of income and payment of taxes in India. Section 139(4a) is one such...
Understanding Section 40A(2)(b) of Income Tax Act
Section 40A(2)(b) of the Income Tax Act is a provision that allows the Income Tax Department to disallow expenses that have been paid in...