Section 43CA: Tax on Real Estate Sales
When builders or developers sell real estate at a price lower than the market (stamp duty) value, the Income Tax […]
Tax
Understand taxes with clear, practical guidance. This section covers income tax, deductions, GST/VAT, corporate tax, and legal tax-saving strategies. Whether you’re filing personal taxes or managing business tax compliance, find reliable explanations and updates on changing tax laws.
Section 80-IAC: Income Tax Deduction for Eligible Startups in India
Section 80-IAC of the Income Tax Act, 1961 is a startup-friendly provision aimed at encouraging entrepreneurship and innovation in India.
Section 50C – Tax on Sale of Immovable Property Based on Stamp Duty Value
Section 50C of the Income Tax Act 1961 is an anti‑tax‑evasion provision. It applies when you sell a capital asset—land, building, or
Section 64 Income Tax: Clubbing of Income Rules
Section 64 Income Tax rules prevent tax evasion through “clubbing of income.” Specifically, Section 64 prevents individuals from reducing their tax
What is Section 10(14) of the Income Tax Act
Section 10(14) of the Income Tax Act helps people save money by excluding certain allowances from their taxable income. This
What is Section 80C? Benefits & Investments
A Simple Explanation In India, the government wants people to save money for their future, so they created Section 80C
Crucial Rules of Input Tax Credit (ITC) Under GST: How It Works & Key Conditions
There is a Misconception that GST is paid on the Selling price of the goods and services. Though this fact
Quick Overview of Section 115JB
Section 115JB explains how a company may have to pay a minimum amount of tax based onits book profit rather
Steps to Calculate Book Profit Under Section 115JB (MAT)
Book Profit is the adjusted net profit of a company, calculated based on its Profit & LossAccount as per the
What is MAT (Minimum Alternate Tax)?
What is MAT and how to calculate it? MAT, or Minimum Alternate Tax, is a provision in India that requires