Section 45(5A) read along with section 194 IC of the Income Tax Act, 1961. Read more about the complete details on Section 45(5A) of income tax act.
Section 14A of Income Tax Act - Section 14A deals with expenditure incurred in relation to income not includible in total income. Read more about it.
Dearness Allowance is a cost of living adjustment allowance paid to government employees and pensioners in India to mitigate the impact of inflation on their purchasing power. In this article, we will explain what Dearness Allowance is, how it is calculat
Tax Deduction Account Number (TAN) should be applied before deducting TDS. Deductors have to apply for TAN before making payment to government regarding TDS.
Section 17(2) of the Income Tax Act 1961 deals with the perquisites that an employee receives from their employer. Find out all about Section 17(2) of the Income Tax Act and its various provisions, implications and exceptions
Understand the taxability of salary components and exemptions available under Section 17(1) of the Income Tax Act. Stay compliant and optimize your tax planning with our expert guide
Understand Section 17(3) of the Income Tax Act, 1995 with our expert guide. Learn about taxable and non-taxable perquisites, the proviso to Section 17(3), and its implications for employers and employees. Stay informed and ensure compliance with the Incom
Discover the conditions and types of income that qualify for exemptions under Section 11 of the Income Tax Act. Maximize your tax savings while ensuring compliance for income from property held for charitable or religious purposes.
Discover how Section 28 of the Income Tax Act 1961 applies to your business or profession. Learn about its clauses, interpretations, and tax implications. Simplify your understanding and ensure compliance with examples on Tax2win
Learn about Section 37 of the Income Tax Act, including its disallowance provisions and how it applies to business and professional deductions. Read the bare act and gain insights to help with tax planning and compliance
