Section 153 of the Income Tax Act, 2025: Interest Deduction Introduction Section 153 of the Income tax Act, 2025 allows eligible individuals and HUFs to claim a deduction on interest from specified deposits. The limit is ₹10,000 for non-senior individuals/HUFs […]
Section 123 of the Income tax Act, 2025: ₹1.5 Lakh Deduction Limit Introduction Section 123 of the Income Tax Act, 2025 allows individuals and Hindu Undivided Families to claim a deduction for specified investments and payments. It broadly continues the […]
Section 186 of the Income Tax Act, 2025: Cash Receipt Limit Introduction Section 186 of the Income Tax Act, 2025 restricts a person from receiving ₹2 lakh or more through cash or any other non-permitted mode. The restriction applies based […]
Section 133 of the Income Tax Act, 2025: Donation Deduction Introduction Section 133 of the Income Tax Act, 2025 allows taxpayers to claim a deduction for monetary donations made to specified funds, charitable institutions, government bodies and approved organizations. The […]
Section 46 of the Income Tax Act, 2025: Specified Business Deduction Introduction Certain businesses require major investment in buildings, machinery, infrastructure, and operational facilities. Hospitals, hotels, warehouses, pipelines, and infrastructure projects are common examples. Section 46 of the Income Tax […]
Section 393(2) of the Income Tax Act 2025: Complete TDS Guide Introduction Section 393(2) of the Income Tax Act 2025 provides the rules for deducting tax at source from specified income and sums paid or credited to non-residents, foreign companies […]
Section 394 of the Income Tax Act, 2025: TCS Rules and Exemptions Introduction Section 394 of the Income Tax Act governs the collection of tax at source on specified transactions. Under this provision, sellers and other specified persons collect TCS […]
Section 202 of the Income Tax Act, 2025: Tax Slabs and Rules Introduction Section 202 of the Income Tax Act 2025 contains the provisions governing the new tax regime for individuals, Hindu Undivided Families, Associations of Persons, Bodies of Individuals, […]
Section 332 of the Income Tax Act 2025: NPO Registration Introduction Section 332 of the Income Tax Act 2025 provides the registration framework for eligible non-profit organizations in India. It applies to public trusts, registered societies, Section 8 companies, universities, […]
