Section 234D of Income Tax Act: Interest on Excess Refund Explained with Examples
Section 234D is a rule in the Income Tax Act that says: if the tax department gives you…
Section 57 of the Income Tax Act: Deductions Allowed from Income from Other Sources
What is Section 57 of the Income Tax Act? Section 57 is like a helper rule. It applies…
Section 56 of Income Tax Act: Understanding Income from Other Sources
Section 56 acts like a catch-all tax rule. It applies to all income sources that don’t fit into…
Section 80E: Tax Deduction on Education Loan Interest
What is Section 80E of the Income Tax Act? Education costs continue to rise every year, and for…
Section 80CCH: Tax Deduction for Agniveers under the Agnipath Scheme – Eligibility and Benefits
What is Section 80CCH of the Income Tax Act? Section 80CCH is a new tax provision introduced in…
Section 80CCG: Rajiv Gandhi Equity Savings Scheme (RGESS) – Eligibility, Benefits, and Withdrawal
What is Section 80CCG of the Income Tax Act? Section 80CCG, also known as RGESS, was introduced in…
Section 194C of Income Tax Act: TDS on Payments to Contractors and Sub-Contractors
Introduction to Section 194C of Income Tax This section ensures that when someone pays another person for work,…
Section 194D of Income Tax Act: TDS on Insurance Commission – Applicability, Rates, and Exemptions
What Is Section 194D of the Income Tax Act? Section 194D is a rule that makes the person…
Section 206AA of Income Tax Act: Higher TDS Without PAN
The Indian tax system runs on the principle of “Pay as You Earn”, where certain payments like salary,…
Section 43B(h) of the Income Tax Act: Timely Payments to MSMEs and Its Tax Impact
Section 43B is a rule in India’s tax law that says some expenses only become tax-deductible when they…