Articles by Ritik Chopra
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Period of Holding: Calculate Capital Gains Accurately
Understand how to calculate the period of holding for capital assets. Learn rules for short-term vs. long-term gains and special cases.
Section 44AA: Account Keeping for Businesses & Professions
Understand Section 44AA's rules for maintaining accounts for businesses and professions. Discover thresholds and requirements for tax compliance.
Deemed Profits Explained: Section 41 Income Tax
Understand Section 41: Deemed Profits. Learn about deductions recovered, balancing charges, bad debts, and special reserves. Get tax clarity now.
Telecommunication License Expenditure: Deductions & Tax Rules
Understand deductions for telecommunication license expenditure under Section 35ABB. Learn about capital expenditure, transfer rules, and tax implications.
Section 37: Business Deductions Under Income Tax Act
Understand Section 37 of the Income Tax Act for business expense deductions. Learn what qualifies and how to claim allowances for your business.
Profits & Gains: Key Taxable Income Points
Understand how to compute taxable income under 'Profits and Gains of Business or Profession'. Learn key points for accurate tax calculations.
Other Deductions Under Income Tax Act: Section 36 Explained
Explore Section 36 of the Income Tax Act for business deductions. Learn about insurance premiums, bonuses, interest, and more. Claim your eligible expenses!
Cash Payment Exceptions to Income Tax Act Section 40A(3)
Discover exceptions to Section 40A(3) of the Income Tax Act for cash payments. Learn when exceeding limits is permissible. Read now!
Business Income Deductions: What You Can Claim
Discover allowable deductions for business and professional income under Sections 30-37 of the Income-tax Act. Understand the general principles for claiming expenses.
Section 24: Deductions for House Property Income
Discover deductions allowed under Section 24 for house property income. Learn about standard deductions and interest on housing loans.
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