Deduction for Medical Treatment of Specified Diseases under section 80DDB
Introduction Section-80DDB of the Income Tax Act, 1961 provides for deductions for expenditure incurred tow....
Deduction for Interest paid on Education Loans under Income Tax Act
Introduction: Expenditure on higher studies and technical courses like MBA, Engineering, and Medical etc. now....
Extended Due Dates under Income Tax as notified due to Covid-19
The Central Government has made several changes in the various income tax due dates/ deadlines due to pre....
Extension of various due dates under Income Tax due to Covid-19
In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliance requirements a....
Deduction of medical treatment and maintenance of disabled dependent
Deduction for medical expenditure for a deprendent Introduction Section-80DD of the Income Tax Act, 1961 p....
Deemed Dividend under section 2(22)(b)
Deemed Dividend u/s 2(22)(b) The taxability of ‘Deemed Dividend” is a complex issue in the Inco....
Dividend under section 2(22)(a) of Income Tax Act
Section-2(22) deals with the term 'Dividend'. Sub clause (a) of section-2(22) talks about distribution....
Tax on Income of Mutual Funds & Dividend Distribution Tax
Section-10(23FC) of the Income Tax Act, 1961 provides for exemption for any income derived by a business trust....
Deduction for Medical Insurance Premium under section-80D
Deduction in respect of Medical Insurance Premium: Section-80D Nowadays, the risk arising from lifestyle di....
Acquisition of business assets by way of gift or inheritance
Acquisition of business asset by way of gift or inheritance [Explanation-2 to section-43(1)] Where any....