Understanding Section 45 of the Income Tax Act
Understanding Section 45 of the Income Tax Act Section 45 of the Income-tax Act, 1961, serves as the primary provision for taxing capital gains. It specifies when capital gains become…
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Understanding Section 45 of the Income Tax Act Section 45 of the Income-tax Act, 1961, serves as the primary provision for taxing capital gains. It specifies when capital gains become…
Section 115BAC New Tax Regime 2025: Slabs, Deductions, Exemptions & Benefits Section 115BAC of the Income Tax Act introduces the new tax regime, featuring lower tax slab rates in return…
Section 80TTB Deduction for Senior Citizens Section 80TTB is a tax benefit introduced to reduce the financial pressure on senior citizens. Since many elderly individuals rely heavily on interest earnings…
e-Invoicing under GST refers to the electronic authentication of invoices. Similar to how GST-registered businesses generate e-way bills for the movement of goods, certain registered taxpayers are required to create…
Form 60 is a declaration submitted by an individual (other than a company or firm) or a foreign company that does not possess a PAN but is involved in any…
RTGS Full Form, Meaning, Features, Benefits and How RTGS Works RTGS stands for Real-Time Gross Settlement. It is a payment system used by banks to transfer funds instantly, where each…
Dearness Allowance (DA) is a salary component given to employees working in public sector organisations to help them manage the impact of inflation and increasing living expenses. It is calculated…
Section 80E of the Income Tax Act, 1961 allows taxpayers to claim a deduction on the interest paid on education loans taken for themselves or their relatives. What is Section…
GSTR-2 is a monthly return that enables taxpayers to report and summarise details of inward purchases of taxable goods and/or services. However, since September 2017, the filing of GSTR-2 has…
Section 80CCD provides tax deductions for contributions made towards the National Pension System (NPS) and the Atal Pension Yojana (APY). By investing in these schemes, taxpayers can claim NPS-related tax…