Income Tax

Understanding Section 24 of the Income Tax Act: Deductions for Home Loan Interest

Understanding Section 24 of the Income Tax Act: Deductions for Home Loan Interest

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When it comes to filing income tax returns, one of the most important factors to consider is deductions. As per the Income Tax Act...
Understanding Section 17(1) of the Income Tax Act: All You Need to Know

Understanding Section 17(1) of the Income Tax Act: All You Need to Know

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The Income Tax Act is a vital piece of legislation in India that outlines the rules, regulations, and guidelines for the taxation of income...
Section 54EC of Income Tax Act 2018

Understanding Section 54EC of Income Tax Act 2018: A Comprehensive Guide

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Section 54EC of the Income Tax Act, 2018 provides for exemption from capital gains tax on the sale of specified assets, subject to certain...
Understanding Section 80 of the Income Tax Act: A Comprehensive Guide

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

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The Income Tax Act of India provides various provisions for taxpayers to save on their tax liability. One such provision is Section 80 of...
Understanding Section 10(4) of Income Tax Act: Exemption for Agricultural Income

Understanding Section 10(4) of Income Tax Act: Exemption for Agricultural Income

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The Income Tax Act provides various exemptions and deductions to taxpayers to reduce their tax liability. One such exemption is provided under Section 10(4)...
Section 192 of Income Tax Act 2018-19

Understanding Section 192 of Income Tax Act 2018-19: A Comprehensive Guide

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Section 192 of the Income Tax Act, 1961 lays down the provisions for TDS (Tax Deducted at Source) on salaries. It is an important...
Exemption Under Section 54 of Income Tax Act: Everything You Need to Know

Exemption Under Section 54 of Income Tax Act: Everything You Need to Know

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When you sell a property, the income you earn from it is subject to taxation. However, the Income Tax Act provides several exemptions to...
Understanding the Income Tax Act: A Comprehensive Guide to Its Sections and Provisions

Understanding the Income Tax Act: A Comprehensive Guide to Its Sections and Provisions

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The Income Tax Act is the law governing the taxation of income in India. It was introduced in 1961, and it has undergone several...
Section 80EE of Income Tax Act: All You Need to Know

Section 80EE of Income Tax Act: All You Need to Know

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The Indian Income Tax Act, 1961, provides various deductions and exemptions to taxpayers to reduce their tax liability. Section 80EE is one such provision...
Section 80D of Income Tax Act: Understanding the Provisions and Benefits

Section 80D of Income Tax Act: Understanding the Provisions and Benefits

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Section 80D of the Income Tax Act provides taxpayers with a deduction on the amount they pay for medical insurance or medical expenses for...