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Income Tax

Understanding Section 32 of the Income Tax Act: Depreci...

Understanding Section 32 of the Income Tax Act Depreciation

Section 32 outlines the regulations regarding the allowance of depreciation on tangible and intangible belongings owned by an assessee and used for enterpr...

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Income Tax

Joint Ownership under Income Tax Act, 1961

Joint Ownership under Income Tax Act, 1961

An introductory definition you must know about the joint ownership under the Indian Income Tax Act, 1961. Co-owner and Co-borrower Undеr Sеction 26 of th...

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Income Tax

Section 23 of the Income Tax Act, 1961: Unravelling the...

Section 23 of the Income Tax Act, 1961 Unravelling the Nuances of Annual Property Valuation

Taxes are a crucial part of any modern-day society, and they fund loads of public services and infrastructure. In India, earnings tax is a sizable source o...

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Income Tax

Understanding Section 24 of the Income Tax Act, 1961: D...

Understanding Section 24 of the Income Tax Act, 1961 Deductions from Income from House Property

Section 24 of the Income Tax Act is a critical provision that determines the deductions to be had to folks who earn earnings from house assets. This segmen...

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Income Tax

Understanding Section 26 of the Income Tax Act: Propert...

Understanding Section 26 of the Income Tax Act Property Owned via Co-Owners

The Income Tax Act of 1961 is a comprehensive piece of regulation that governs the taxation of profits in India. Each individual and business needs to have...

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Income Tax

Section 25A of Income Tax Act: Special Provision for Ar...

Section 25A of Income Tax Act Special Provision for Arrears of Rent and Unrealized Rent Received Subsequently

The Indian Income Tax Act of 1961 is a comprehensive piece of law that governs the taxation of income in India. Within this act, various sections cover exc...

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Income Tax

Section 25 of the Income Tax Act

Section 25 of the Income Tax Act

The Income Tax Act of India is a complete piece of law that governs the taxation of profits. Among its many provisions, Section 25 deals with the non-deduc...

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GST

Impact of GST on Shipping Charges

Impact of GST on Shipping Charges

The transportation companies and shipping lines play the most important role in the movement of products, making the logistics and shipping industries a fo...

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