Section 148 of Income Tax Act: Notice for Income Escaping Assessment, Procedure, and Time Limits
What is Section 148? Section 148 of the Income Tax Act empowers the Assessing Officer (AO) to reassess…
Section 147 of Income Tax Act: Income Escaping Assessment
Section 147 of the Income Tax Act deals with cases of income escaping assessment. This refers to situations…
Section 144 of the Income Tax Act: Best Judgment Assessment Explained
Section 144 of the Income Tax Act deals with what is known as a best judgment assessment. This…
Section 234D of Income Tax Act: Interest on Excess Refund Explained with Examples
What is Section 234D? Section 234D of the Income Tax Act is a provision that deals with the…
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,…