Income Tax Updates
400 Words to Sharpen Your personal tax knowledge
#53 – On Provisions for Startups – Sec. 80 IAC
Section 80-IAC of the Income Tax Act provides tax benefits to start-ups in India. This section aims to promote entrepreneurship by offering deductions to eligible companies. It thus makes it
#52 – On New Tax Regime (Sec. 115BAC)
In India, the Income Tax Act provides various ways for taxpayers to manage their tax liabilities. One of the latest additions is Section 115BAC, which introduces a new tax regime
#51 – On Donations to Charitable Institutions (Sec. 80G)
If you’re looking to reduce your taxable income while contributing to a good cause, Section 80G of the Income Tax Act is something you should know about. This section allows
#50 – On Deduction on Education Loan (Sec. 80E)
If you’re a student or have financed your education recently, Section 80E of the Income Tax Act, India, could be a valuable benefit for you. This section offers tax relief
#49 – On Deductions under Section 80C
Deductions under Section 80C of the Income Tax Act is a crucial provision for taxpayers in India. It offers a way to reduce taxable income and, thus lower the amount
#48 – On Long Term Capital Gains (Sec.122A)
Section 112A of the Income Tax Act, 1961, deals with the taxation of long-term capital gains (LTCG). It simplifies the taxation process for gains on listed securities, units of equity-oriented
#47 – On Short Term Capital Gain (Sec. 111A)
Section 111A is a provision in Indian tax law that deals with taxation of Short Term Capital Gains. This section outlines how the gains you make from selling certain assets
#46 – On TDS on payments of Non-Resident Indians.
Section 195 of the Income Tax Act, is a crucial provision that deals with the taxation of payments made to non-residents. It requires individuals and businesses in India to deduct
#45 – On TDS on Professional or Technical Services (Sec.194J)
Section 194J of the Income Tax Act, 1961, deals with the TDS (Tax Deducted at Source) on payments made to professionals and technical service providers. This section is essential for