Section 195 of the Income Tax Act relates to the TDS (Tax deducted at Source) deductions on income ... amount and focuses on the tax rates and deductions over business transactions with non-residents.

Section 43B of the Income Tax Act provides specific guidelines for claiming deductions under the head 'Income from business and profession'. This provision stipulates that certain statutory expenses ...

Read our articles to understand income tax act section 10, income tax act section 24, income tax act section 54, income tax act section 80c, income tax act 44ad, income tax bare act, etc. Income Tax: ...

Section 80CCC of the Income Tax Act of 1961 provides tax deductions for individuals who contribute to designated pension plans offered by life insurance companies. This section is part of a broader ...

rejecting a taxpayer's claim for Section 10A deduction due to procedural lapses in the submission of Form 56F. This ruling highlights the critical role of procedural compliance, proper certification, ...

Goods and Services Tax: Stay updated with Tax Compliance Tracker for Income Tax and GST. This tracker provides due dates for various tax-related filings a ...

Trying to figure out how to maximize your tax refund? Understanding tax credits and tax deductions can help you optimize your tax return and cut your overall tax liability. Tax credits cut your ...

The Tax Cuts and Jobs Act (TCJA) became effective over ... cover everything from changes to the standard deduction and the child tax credit to income tax rates and even the availability and ...

It must be noted that this amount is over and above the deductions of ₹1.5 lakh available under Section 80C of the Income Tax Act, 1961. Subscribers are allowed to partially withdraw from the NPS Tier ...

The income limits for each tax bracket are increasing slightly in 2025. Calculate your taxable income by subtracting adjustments and deductions from your gross income. With marginal tax brackets ...