Section 143 of the Income Tax Act serves as a cornerstone in the framework of income tax administration. It establishes the mechanism through which the […]
Income Tax Act
Registration for Charitable and Religious Trusts under Section 12AB of the Income Tax Act, 1961
Charitable and religious trusts play a vital role in social development and welfare in India. They work to provide education, healthcare, poverty alleviation, disaster relief, […]
Introduction to the Income-tax Act, 1961
The Income-tax Act, 1961 forms the legislative basis for the levy and collection of income tax in India. It contains a detailed set of provisions […]
Introduction to Section 80G of the Income Tax Act
In India, philanthropy and social welfare have always been encouraged through various legal provisions. One such important provision under the Income Tax Act is Section […]
Understanding Section 24(a) and Section 11 of the Income Tax Act: A Comprehensive Overview
Income tax provisions often come with complex nuances that taxpayers need to navigate carefully. Two critical sections that frequently raise questions are Section 24(a) and […]
Introduction to Section 11 of the Income-tax Act
Section 11 of the Income-tax Act is a critical provision that governs the taxation of income received by charitable and religious trusts or institutions. It […]
Understanding Reassessment Notices under the Income Tax Act
Reassessment notices are a significant aspect of tax administration, allowing the tax authorities to reopen and review previously assessed income tax returns. This power is […]
Introduction to Section 194R of the Income-tax Act
The Indian tax system constantly evolves to keep pace with changing business dynamics and to ensure comprehensive tax compliance. One such recent change is the […]
Comprehensive Guide to Understanding Income under Section 11 of the Income-tax Act
Section 11 of the Income-tax Act is a crucial provision designed to regulate the taxation of income earned by charitable or religious trusts and institutions. […]
Introduction to Section 195 of the Income Tax Act
In an increasingly globalized economy, cross-border financial transactions have become a routine aspect of business and investment. India, as one of the fastest-growing economies, engages […]