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What is Section 80c of Income Tax Act?
Section 80C of the Income Tax Act allows tax deduction benefits to the taxpayer up to 1.5 lakhs INR on various schemes and investments. It includes life insurance premiums, loan...
AMLast reply by
Arjun Mehta
5Replies
What are Sections 194-ib and 194-ic Under Income Tax Act?
Section 194-IB of the Income Tax Act deals with the tax to be deducted at source for the rent payment at 2%, which is more than 50,000 INR in a...
SLast reply by
Savetaxs
4Replies
Is Pension Covered Under Section 17(1)?
Yes, under section 17(1), which is termed as a salary, and it includes your pension, which you have contributed by the central government or any employer in a financial year...
DMLast reply by
Dev Malhotra
3Replies
What is Salary Under Section17(1)?
In Section 17(1), the term salary means any income or payments you get from any employer. It includes basic salary allowances, commissions, profits, and bonuses. It is a form of...
NKLast reply by
Neel Kaul
4Replies
What is Form 9a of Income Tax Act?
Form 9A is an Income tax application form which is used for exercising the option under clause (2) of sub-section (1) of the Income Tax Act. By using this form,...
SLast reply by
Savetaxs
10Replies
What is Capital Gains Tax?
The capital gains tax is applied to the profits you earn by selling assets, like mutual funds, property, and many stocks. There are two types of capital gains tax, which...
AKLast reply by
Arnav Khanna
4Replies
Section 10- Tax Exemptions, Allowances, and How to Claim?
Section 10 helps to calculate the tax liability of an individual for the various incomes which is not listed on the ITR total income. Section 10 of the Income Tax...
ARLast reply by
Advait Reddy
6Replies
Section 154 of the Income Tax?
Section 154 of the Income Tax Act provides an easy way to fix your errors or mistakes. This section allows the taxpayers and tax officials to correct their errors or...
DSLast reply by
Daksh Sinha
6Replies
What is Presumptive Taxation?
Presumptive taxation is a scheme for small professional businesses and freelancers, which helps them to declare a percentage of their annual turnover without any need for detailed account books. The...
MSLast reply by
Matriyee Saini
6Replies
What is Section 54f of Income Tax Act?
Section 54F of the Income Tax Act helps you to get an exemption on the long-term capital gains from any sale of any property other than a residential house. The...
