In-Depth Look at Section 28 of the Income Tax Act: Prof...

16 Dec, 2023

The Income Tax Act of 1961 is a vital rule regulating the taxation of earnings earned via people and entities inside its jurisdiction. In India, the Income...

Income Tax

Understanding Section 8 of the Income Tax Act, 1961...

Rakesh Kumar

15 Dec, 2023

Rеsidеntial status is a crucial factor in dеtеrmining thе tax liability of individuals and еntitiеs undеr thе Incomе Tax Act. It еstablishеs wh...

GST

All about Export Invoices

Ankita Tiwari

15 Dec, 2023

Every business knows the GST requirements for intrastate and interstate invoices. But questions arise when the place of supply is outside India. Export inv...

Income Tax

Understanding Section 22 of the Income Tax Act: Income...

Rakesh Kumar

15 Dec, 2023

The annual value of property consisting of any buildings or lands appurtenant to it of which the assessee is the owner, other than such portions of such pr...

Income Tax

Understanding the Basics of Section 5A of the Income...

Rakesh Kumar

15 Dec, 2023

Sеction 5A of the Incomе Tax Act was introduced in 2012 through the Financе Act. This sеction dеals with thе taxation of incomе еarnеd by a non-r�...

Income Tax

Understanding Section 31 of the Income Tax Act: Repairs...

Rakesh Kumar

15 Dec, 2023

The Income Tax Act of 1961 serves as the backbone of India's taxation machine, outlining numerous provisions and deductions for businesses and professional...

Income Tax

Section 27 of the Income Tax Act 1961

Rakesh Kumar

15 Dec, 2023

Section 27 of the Income Tax Act incorporates several clauses, each coping with particular situations that set up who is deemed the proprietor of a residen...

Income Tax