Income Tax Act

  • Income Tax

Section 24 of Indian Income Tax Act – Income tax deductions from house property

The Indian Income-tax Act, 1961 (hereinafter referred to as the "Act") provides for deduction in respect of certain expenses incurred…

3 years ago
  • Income Tax

Section 269ST of Income Tax Act

Black money is a major threat to the Indian economy. Section 269St was inserted in Income Tax Act,1961 to curb…

3 years ago
  • Accounting

Depreciation Rate For Plant, Furniture, and Machinery

Depreciation rate is mentioned in the Income Tax Act for investments made in furniture, plant, and machinery by an assesses…

3 years ago
  • Accounting

Section 44AB of the Income Tax Act: Objectives, Applicability & Criteria

Section 44AB of the Income Tax Act imbibes in itself provisions regarding the tax audit under the Income Tax Audit.…

3 years ago
  • Others

Sukanya Samriddhi Yojana : Building a better future for girls

Sukanya Samriddhi Yojana is also named as Girl Child Prosperity Account. This yojana was introduced by Prime Minister - Narendra…

5 years ago