HUF (Hindu Undivided Family): Meaning, Benefits, and Taxation Guide
In India, families often plan their finances together, and the Hindu Undivided Family (HUF) is a special legal…
Section 80-IA: Tax Deductions for Infrastructure Development in India
Introduction to Section 80-IA Section 80-IA is a special part of India’s Income Tax law that rewards companies…
Section 50: Advance Payment of Calls by Shareholders
Introduction to Section 50 of the Companies Act Section 50 of the Companies Act is a special rule…
Section 49 of Companies Act, 2013: Calls on Shares to be Made on a Uniform Basis
Section 49 of the Companies Act, 2013 ensures that all shareholders of the same class of shares are…
Section 48 of Companies Act, 2013: Variation of Shareholders’ Rights Explained
Introduction to Section 48 Companies sometimes need to change the rights attached to certain shares. Section 48 of…
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…
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…
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…
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…
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…