Income Tax
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…
Income 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…
Income Tax
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…
Income Tax
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…
Income Tax
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.…
Tax
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…
Income Tax
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…
Income Tax
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…
Income Tax
Section 54 of Income Tax: Eligibility, Conditions, and Exemption Rules Explained
When you sell a house in India, you may earn a capital gain. Normally, this gain is taxable.…
Income Tax
Section 28 of Income Tax Act: Profits and Gains of Business or Profession
Section 28 of the Income Tax Act deals with the profits and gains of any business or profession.…