Income Tax

Section 2(22) of Income Tax Act

Understanding Section 2(22) of Income Tax Act: Definition of Dividend and Tax Implications

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Section 2(22) of the Income Tax Act, 1961 defines the term "dividend" and is an important provision that has significant implications for taxpayers. Dividend...
Section 8 of the Income Tax Act

Understanding Section 8 of the Income Tax Act: An Overview

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Section 8 of the Income Tax Act, 1961 lays down the rules for determining the residential status of an individual for the purpose of...
Understanding Section 10A of Income Tax Act - Exemption for Newly Established Undertakings in Special Economic Zones

Understanding Section 10A of Income Tax Act – Exemption for Newly Established Undertakings in...

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The Indian government has been making consistent efforts to attract foreign investments and promote industrial development in the country. One of the significant steps...
Section 24 of the Income Tax Act AY 2021-22

Understanding Section 24 of the Income Tax Act AY 2021-22: All You Need to...

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Income tax is a significant part of the financial planning of every individual and business in India. One of the most crucial sections of...
Section 206AA of Income Tax Act: Everything You Need to Know

Section 206AA of Income Tax Act: Everything You Need to Know

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Section 206AA of the Income Tax Act: An Overview Section 206AA of the Income Tax Act was introduced to ensure that the tax deducted at...
Section 37 of Income Tax Act

Section 37 of Income Tax Act: A Guide to Deductions for Business and Professional...

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Section 37 of the Income Tax Act, 1961 is an important provision that deals with the deduction of expenses incurred for the purpose of...
Deduction under Section 16 of Income Tax Act: Understanding the Benefits and Eligibility Criteria

Deduction under Section 16 of Income Tax Act: Understanding the Benefits and Eligibility Criteria

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The Indian Income Tax Act, 1961 provides various deductions to taxpayers to reduce their taxable income and save taxes. One such deduction is available...
80 TTA: Guide to Understand & Maximizing Tax-Free Allowance

80 TTA: Guide to Understand & Maximizing Tax-Free Allowance

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Overview of the 80TTA deduction 80tta stands for section 80TTA of the Income Tax Act, 1961. 80tta is a tax benefit provided to individuals...
Understanding Section 69B of Income Tax Act: Implications and Consequences

Understanding Section 69B of Income Tax Act: Implications and Consequences

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The Income Tax Act of India has various provisions aimed at regulating and ensuring that taxpayers pay their fair share of taxes. One such...
Supreme Court's Judgement on Section 148A of the Income Tax Act

Supreme Court’s Judgement on Section 148A of the Income Tax Act: Implications and Analysis

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Supreme Court Judgement on Section 148A of Income Tax Act Introduction The Income Tax Act is the primary legislation in India that governs the taxation of...