Income Tax Act Simplified
Understanding Section 48 of the Income Tax Act: Capital Gains Explained

Learn how Section 48 of the Income Tax Act impacts the computation of capital gains and taxable income from asset sales.

Tax-Saving FD Tips
Tax-Free Benefits of Fixed Deposits in India: What You Need to Know

Discover how much of your Fixed Deposit is tax-free in India and maximize your savings under Section 80C.

Excluded Income
Understanding What is Not Considered Income

Discover examples of income exclusions, including gifts, inheritances, and scholarships, and ensure compliance with tax laws.

TDS Deduction Formula
How to Calculate TDS: A Simple Formula Guide

Learn how to effectively calculate TDS using the formula: TDS Amount = Income Amount x TDS Rate.

Tax-Free Limit Explained
Is an Income of 5 Lakh Tax-Free in India? Understanding Section 87A

Discover if an income of 5 lakh is tax-free in India and learn about Section 87A's tax rebate.

Turnover Limit Explained
Understanding the Turnover Limit for 44AB Audit in India

Learn the turnover limits for audits under Section 44AB of the Income Tax Act in India.

Income Tax Expenses Disallowed
Understanding Disallowed Expenses Under Section 37 of Income Tax

Learn what expenses are disallowed under Section 37 in income tax, including illegal and personal costs.

Section 40(b) Explained
Understanding Section 40(b) of the Income Tax Act: Partner Remuneration Explained

Learn about Section 40(b) of the Income Tax Act and its implications for partner remuneration in partnership firms.

Section 112 Deduction Explained
Understanding the Section 112 Tax Deduction for Businesses

Learn how the Section 112 deduction can benefit U.S. manufacturers and producers by decreasing their tax burden.