Tax
Section 80U: Tax Deduction for Individuals with Disability
What is Section 80U of the Income Tax Act? Section 80U was introduced to give direct financial relief…
Tax
Section 80QQB: Tax Deduction for Authors on Royalty Income
What is Section 80QQB of the Income Tax Act? The Indian government understands that writing is not like…
Tax
Section 80P: Tax Deductions for Cooperative Societies Explained
What is Section 80P of the Income Tax Act? Section 80P was introduced to give tax relief to…
Income Tax
Section 148A of Income Tax Act: Procedure Before Issue of Notice for Income Escaping Assessment
What is Section 148A? Section 148A was introduced by the Finance Act, 2021, to make the reassessment process…
Income Tax
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…
Income Tax
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…
Tax
Section 80M: Dividend Deduction for Domestic Companies
What is Section 80M of the Income Tax Act? When companies earn profits, they pay corporate tax to…
News
India to Launch UPI-UPU Integration at Universal Postal Congress in Dubai
Source: PIB Shri Jyotiraditya M. Scindia, Union Minister of Communications and Development of North Eastern Region, will lead…
Tax
Section 54 of the Companies Act, 2013: Sweat Equity Shares Explained
What is Section 54 of the Companies Act, 2013? Sweat equity shares are a special class of shares…
Income Tax
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…