Section 131 of Income Tax Act: Powers of Income Tax Department to Conduct Inquiries,...
Section 131 of the Income Tax Act: An Overview
The Income Tax Act is a crucial piece of legislation that outlines the laws governing the...
A Comprehensive Guide to Section 80JJAA of the Income Tax Act
Section 80JJAA of the Income Tax Act: An Overview
The Income Tax Act of 1961 contains provisions that allow taxpayers to reduce their tax liability...
Section 115bbe of Income Tax Act: All You Need to Know about Taxation of...
Introduction
Section 115bbe of the Income Tax Act, 1961 is a provision that deals with the taxation of income earned from undisclosed sources. This provision...
Understanding Section 10 of the Income Tax Act
Section 10 of the Income Tax Act, 1961 provides for various exemptions that are available to individuals and Hindu Undivided Families (HUFs) from income...
Understanding Section 80D of the Income Tax Act: A Comprehensive Guide
Section 80D of the Income Tax Act provides deductions to an individual or a Hindu Undivided Family (HUF) for the expenses incurred on health...
Understanding Section 57 of Income Tax Act
The Income Tax Act, 1961, is the primary legislation that governs the taxation of income in India. Section 57 of the Income Tax Act,...
Understanding Section 56 of the Income Tax Act
Introduction
Section 56 of the Income Tax Act, 1961 deals with the taxation of income from other sources. This section is applicable to all taxpayers,...
Understanding Section 194A of the Income Tax Act: TDS on Interest Income
Introduction
Income tax is a crucial source of revenue for any country. The government uses the revenue to fund various development programs and infrastructure projects....
Section 119 of the Income Tax Act: Understanding Tax Exemptions on Employee Perquisites
Understanding Section 119 of the Income Tax Act
Section 119 of the Income Tax Act is an important provision that allows employees to claim tax...
Understanding Section 115BAC of the Income Tax Act: Benefits and Considerations
Section 115BAC of the Income Tax Act, introduced by the Finance Act 2020, has become a popular topic of discussion among taxpayers in India....