How to Calculate Taxes Under Section 140B of Income Tax Act?
Taxation is an essential aspect of a country’s financial ecosystem, and in India, the Income Tax Act governs the levy of taxes on individuals, corporations, and various entities. One of…
Income Tax
What is the Role of Section 50CA of Income Tax Act in Preventing Tax Evasion?
The Indian taxation system has witnessed significant reforms over the years, and one of the critical aspects of these reforms is preventing tax evasion. The Income Tax Act of 1961…
How Section 115JC of Income Tax Act Affects Your Tax Liability?
The Indian tax system is known for its complexity and multiple layers of taxation. Among the various provisions in the section 115JC of Income Tax Act, that plays a pivotal…
The Complete Guide on Section 2(24) of the Income Tax Act
Tax laws in India are extensive, and understanding them can be challenging. One such crucial section in the Income Tax Act is Section 2(24). This section defines what constitutes “income”…