Section 194K of Income Tax Act: TDS on Mutual Fund Income – Applicability, Rates, and Exemptions
What is Section 194K? Section 194K of the Income Tax Act, 1961, refers to the deduction of Tax…
Section 133(6) of Income Tax Act: Meaning, Notice, and How to Respond
What Is Section 133(6) of the Income Tax Act? Section 133(6) gives tax officers a superpower to ask…
Section 119 of Income Tax Act: Powers of CBDT to Grant Relief and Relaxation
What Is Section 119 of the Income Tax Act? Think of CBDT as the captain of all tax…
Section 115H of Income Tax Act: Tax Benefits for Non-Resident Indians (NRIs)
What Is Section 115H of the Income Tax Act? Imagine you’ve been living abroad and earning money from…
Section 115BAB of Income Tax Act: Special Tax Rate for New Manufacturing Companies
What Is Section 115BAB of the Income Tax Act? Imagine India wants more factories and workshops to pop…
Section 11 of Income Tax Act: Tax Exemption for Charitable and Religious Trusts
What is Section 11 of the Income Tax Act? Section 11 of the Income Tax Act is a…
Section 10(26) of Income Tax Act: Income Tax Benefits for ST Community
India’s tax laws are designed not only to collect revenue but also to support weaker sections of society.…
What is Section 16(2)(aa) in GST and How to Avail ITC?
Goods and Services Tax (GST) in India has made indirect taxation simple and transparent. One of the biggest…
Section 115BAA – New Tax Regime for Domestic Companies in India
What is Section 115BAA of the Income Tax Act? Section 115BAA is a special provision in the Indian…
Section 80GG: Tax Benefits, Conditions, and Calculation Explained
Paying house rent without receiving HRA (House Rent Allowance) from your employer can still give you tax benefits…