Understanding Section 24 of the Income Tax Act: Deductions for Home Loan Interest
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 Sections 11 and 12 of the Income Tax Act: Exemptions for Charitable and...
Section 11 and 12 of the Income Tax Act deal with the computation of income from property held for charitable or religious purposes. These...
Understanding Section 112(1) of the Income Tax Act: Taxation of Long-term Capital Gains
Section 112(1) of the Income Tax Act: An Overview
Section 112(1) of the Income Tax Act is an important provision that deals with the taxation...
Understanding Section 50C of the Income Tax Act: Key Points and Implications
Section 50C of the Income Tax Act, 1961, deals with the computation of capital gains or losses on the transfer of a capital asset...
Understanding Section 80CC of the Income Tax Act: A Comprehensive Guide
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 49(1) of the Income Tax Act: An Overview
Section 49(1) of the Income Tax Act is a provision that is important for taxpayers to understand. This section deals with the calculation of...
Understanding Form 16B: A Complete Guide to TDS Certificate for Property Buyers and Sellers
Form 16B: A Comprehensive Guide for Taxpayers
Form 16B is an important document issued by the buyer of immovable property to the seller, as per...
Understanding Accrued Income: What It Is and Why It Matters
Accrued income is a term that refers to income that has been earned but not yet received. It can also be called accrued revenue...
Understanding Section 9D of Income Tax Act: All You Need to Know
The Indian Income Tax Act is a complex set of laws that govern the taxation of income in India. One of the important sections...
Understanding Section 44AA of the Income Tax Act
The Income Tax Act, 1961, is a crucial legislation that governs taxation in India. Section 44AA of the Income Tax Act is one of...