Income Tax Articles

Section 37 IT Act: Business Expense Deductions Explained

Posted by Vidushi Agrawal 13 May 2021 8603 Views

Understand deductions under Section 37 of the IT Act, 1961. Learn what qualifies as business expenditure and see case law examples.

Section 35AD: Specified Business Capital Expenditure Deduction

Posted by Ritik Chopra 07 May 2021 4220 Views

Learn about Section 35AD deductions for capital expenditure on specified businesses. Discover eligible businesses and conditions for claiming this tax incentive.

Chapter VIA Deductions: Reduce Your Taxable Income

Posted by Suyash Tripathi 07 May 2021 13099 Views

Explore key Chapter VIA deductions like 80C, 80D, and 80E to lower your taxable income. Discover eligible investments and expenses to save on tax.

MAT Provision Rationalisation for Foreign Companies

Posted by Suyash Tripathi 07 May 2021 908 Views

Understand MAT provision rationalisation for foreign companies post-DDT abolition. Learn about dividend income, expenses, and DTAA impacts on book profit calculations.

Win Your Case by Seeking Adjournment: A True Story

Posted by Mayank Mohanka 07 May 2021 1838 Views

Discover how a routine adjournment request turned into a legal victory. Learn from a real-life tax case where confidence and preparation led to success.

Section 35D: Amortise Business Preliminary Expenses

Posted by Ritik Chopra 07 May 2021 5190 Views

Learn about Section 35D of the Income Tax Act, 1961, allowing Indian companies and residents to amortise certain preliminary business expenses over five years.

CBIC & CBDT Tax Relief Measures: Direct & Indirect Tax Updates

Posted by Aruhi 07 May 2021 14523 Views

Discover CBIC & CBDT relief measures for COVID-19. Extended deadlines for Income Tax, GSTR-3B, GSTR-1, and more. Get updated tax compliance information.

Understanding India's Equalisation Levy

Posted by Sahil Dhingra 06 May 2021 2189 Views

Learn about India's Equalisation Levy, its scope for online advertisement and e-commerce transactions, and key definitions. Understand the rates and applicability.

Section 194-O: TDS for E-commerce Operators Explained

Posted by Sahil Dhingra 06 May 2021 11456 Views

Understand Section 194-O's TDS rules for e-commerce operators. Learn deduction rates, thresholds, and obligations for facilitating sales and services.

Section 43B: Payments Must Be Actually Paid for Deduction

Posted by Ritik Chopra 06 May 2021 1441 Views

Understand Section 43B: Learn when specific payments like taxes, PF, and employee welfare contributions are deductible only if actually paid, not just accrued.