Income Tax

Understanding Section 80CC of the Income Tax Act: A Comprehensive Guide

Understanding Section 80CC of the Income Tax Act: A Comprehensive Guide

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Paying taxes is one of the essential responsibilities of every citizen. As per the Income Tax Act, individuals can claim various deductions to reduce...
Understanding Section 10(13A) of the Income Tax Act

Understanding Section 10(13A) of the Income Tax Act

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Section 10(13A) of the Income Tax Act is a significant provision that provides tax relief for individuals who receive a house rent allowance (HRA)...
Understanding Section 11 of the Income Tax Act: Exemption for Agricultural Income

Understanding Section 11 of the Income Tax Act: Exemption for Agricultural Income

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The Income Tax Act, 1961 is a comprehensive legislation that governs the taxation of income in India. One of the significant provisions of the...
Section 55A of the Income Tax Act: An Overview

Section 55A of the Income Tax Act: An Overview

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Introduction: The Indian Income Tax Act of 1961 is a comprehensive statute that governs the taxation of income in India. It lays down the rules...
Section 165 of Income Tax Act: Understanding the Provisions for Losses and Expenses

Section 165 of Income Tax Act: Understanding the Provisions for Losses and Expenses

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Income tax is a crucial part of every individual and business owner's financial responsibilities. The Income Tax Act, 1961, outlines the various provisions and...
54F of Income Tax Act for AY 2021-22

Section 54F of Income Tax Act for AY 2021-22: Understanding Exemption on Long-Term Capital...

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Section 54F of the Income Tax Act, 1961 provides an exemption on capital gains arising from the sale of a long-term asset, if the...
Section 10E of the Income Tax Act: Tax Exemption on Compensation Received for Surrendering Land Rights

Section 10E of the Income Tax Act: Tax Exemption on Compensation Received for Surrendering...

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Introduction: Section 10E of the Income Tax Act, 1961 is a provision that offers tax benefits to individuals who have received compensation or enhanced compensation...
Section 91 of the Income Tax Act

Section 91 of the Income Tax Act: Everything You Need to Know

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Section 91 of the Income Tax Act is an important provision that deals with the liability of a person for payment of tax, interest...
Understanding Section 179 of the Income Tax Act: A Guide for Small Business Owners"

Understanding Section 179 of the Income Tax Act: A Guide for Small Business Owners”

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Understanding Section 179 of the Income Tax Act As a business owner, understanding the tax laws that affect your company is critical. One of the...
Section 10(18) of the Income Tax Act

Understanding Section 10(18) of the Income Tax Act: Tax Exemption for Scheduled Tribes in...

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Section 10(18) of the Income Tax Act is a provision that exempts certain incomes earned by a member of a Scheduled Tribe residing in...