Income Tax

Understanding Section 1 (13-a) of the Income Tax Act

Understanding Section 1 (13-a) of the Income Tax Act

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The Indian Income Tax Act is a complex set of regulations that govern the taxation of income in the country. One of the key...
Understanding Section 220(1) of the Income Tax Act: All You Need to Know

Understanding Section 220(1) of the Income Tax Act: All You Need to Know

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As a taxpayer in India, it's important to understand the various sections of the Income Tax Act that govern the payment and collection of...
Section 221(1) of the Income Tax Act: Understanding the Penalties for Non-Payment of Tax

Section 221(1) of the Income Tax Act: Understanding the Penalties for Non-Payment of Tax

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Taxation is an essential aspect of any economy, as it provides the government with the necessary funds to meet its various obligations. In India,...
Section 37(1) of the Income Tax Act

Section 37(1) of the Income Tax Act – Understanding its Implications for Employers and...

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The Income Tax Act is a crucial piece of legislation that governs how taxpayers in India are taxed. One of the sections that employers...
Understanding Section 10(38) of Income Tax Act 2018: Capital Gains from Equity Shares

Understanding Section 10(38) of Income Tax Act 2018: Capital Gains from Equity Shares

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The Indian Income Tax Act, 1961, has been amended several times over the years to align with the changing economic environment. One such amendment...
Understanding Section 201 of Income Tax Act: TDS on Failure to Deduct or Pay Tax

Understanding Section 201 of Income Tax Act: TDS on Failure to Deduct or Pay...

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Section 201 of the Income Tax Act, 1961 is an important provision that deals with the Tax Deducted at Source (TDS) on failure to...
Section 234D of Income Tax Act

Understanding Section 234D of Income Tax Act: Consequences of Delayed Payment of Advance Tax

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Section 234D of the Income Tax Act, 1961 deals with the consequences of delayed payment of advance tax. Advance tax is a tax paid...
Understanding the Favourable Case Laws on Section 69 of Income Tax Act 1961 for the Assessee

Understanding the Favourable Case Laws on Section 69 of Income Tax Act 1961 for...

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Section 69 of the Income Tax Act 1961 deals with the unexplained investments, cash credits, and expenditures that cannot be accounted for by the...
Understanding Section 80TTA of the Income Tax Act

Understanding Section 80TTA of the Income Tax Act

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Section 80TTA of the Income Tax Act is a provision that allows taxpayers to claim a deduction on interest income earned from their savings...
Understanding Section 276C of the Income Tax Act

Understanding Section 276C of the Income Tax Act

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The Income Tax Act is a vital piece of legislation that governs taxation in India. One of the essential provisions of the Act is...