Indian Law

Income Tax Act, 1961 Section 12AB governs registration and approval of charitable trusts and institutions for tax exemption.

Income Tax Act, 1961 Section 13 defines 'charitable purpose' for tax exemption under the Act.

Income Tax Act, 1961 Section 13A deals with tax treatment of income from house property used for business or profession.

Income Tax Act, 1961 Section 13B deals with tax treatment of contributions to political parties by companies.

Income Tax Act, 1961 Section 14 defines the heads of income for proper tax computation under Indian law.

Income Tax Act Section 14A disallows expenses related to exempt income, ensuring fair tax computation.

Income Tax Act, 1961 Section 15 defines the meaning of 'Salaries' for taxation under the Act.

Income Tax Act Section 16 details deductions from salary income, including standard deduction, entertainment allowance, and tax on employment.

Income Tax Act, 1961 Section 17 defines 'Salary' and its components for income tax purposes.

Income Tax Act, 1961 Section 18 defines 'Annual Value' of property for income tax computation.

Income Tax Act, 1961 Section 19 defines the scope of income deemed to accrue or arise in India for non-residents.

Income Tax Act, 1961 Section 20 defines 'previous year' for income tax computation and assessment purposes.

Income Tax Act, 1961 Section 21 defines 'Salaries' income, covering wages, pensions, and related payments.

Income Tax Act, 1961 Section 22 defines 'Annual Value' of property for income tax on house property income.

Income Tax Act, 1961 Section 23 defines annual value of property for income tax on house property income.

Income Tax Act, 1961 Section 24 provides deductions on income from house property, including interest on home loans.

Income Tax Act, 1961 Section 25 defines 'Company' for tax purposes, crucial for determining tax liability and compliance.

Income Tax Act Section 25A defines the term 'business connection' for non-residents, crucial for tax liability determination.

Income Tax Act Section 25AA defines 'associated enterprise' for transfer pricing and tax purposes.

Income Tax Act, 1961 Section 25B defines the term 'assessee' for tax purposes under the Act.

Income Tax Act, 1961 Section 26 defines the scope of total income for individuals and entities under Indian tax law.

Income Tax Act Section 27 defines 'capital asset' and its scope for taxation under the Act.

Income Tax Act, 1961 Section 28 defines taxable income from profits and gains of business or profession.

Income Tax Act, 1961 Section 29 defines 'previous year' for income computation and tax assessment purposes.

Income Tax Act, 1961 Section 30 covers deductions for repairs and insurance of buildings used for business or profession.

Income Tax Act, 1961 Section 31 deals with the treatment of capital assets converted into stock-in-trade.

Income Tax Act Section 32 allows depreciation deductions on tangible and intangible assets to reduce taxable income.

Income Tax Act Section 32A allows depreciation on goodwill in case of amalgamation of companies.

Income Tax Act Section 32AB provides additional depreciation benefits for new industrial undertakings to promote investment.

Income Tax Act Section 32AC provides deduction for investment in new plant and machinery to promote business growth.

Income Tax Act Section 32AD provides depreciation benefits for new manufacturing units in specified areas to promote industrial growth.

Income Tax Act Section 33 deals with deductions for expenditure on scientific research by businesses.

Income Tax Act 1961 Section 33AB provides deduction for profits of specified undertakings in free trade zones.

Income Tax Act Section 33ABA provides depreciation benefits for expenditure on scientific research related to business.

Income Tax Act, 1961 Section 34 defines 'Previous Year' for income computation and tax assessment purposes.

Income Tax Act Section 35 provides deductions for expenditure on scientific research to promote innovation and development.

Income Tax Act Section 35A provides weighted tax deduction for scientific research expenditure by companies.

Income Tax Act Section 35AB allows deduction for expenditure on prospecting, extraction of mineral oils under notified schemes.

Income Tax Act Section 35ABA provides weighted deduction for expenditure on in-house research and development facilities.

Income Tax Act Section 35AD provides deductions for capital expenditure on specified business assets to encourage investment.

Income Tax Act Section 35B provides deductions for expenditure on prospecting, extraction, or production of mineral oils.

Income Tax Act Section 35C provides deduction for expenditure on scientific research by companies.

Income Tax Act Section 36 details allowable business expenses and deductions to reduce taxable income under the Income Tax Act, 1961.

Income Tax Act Section 37 allows deduction of business expenses not covered elsewhere, if incurred wholly and exclusively for business.

Income Tax Act Section 38 defines 'capital asset' and its scope for taxation under the Act.

Income Tax Act, 1961 Section 39 details the carry forward and set off of losses under the Act.

Income Tax Act Section 40 details disallowances on expenses not related to business income computation.

Income Tax Act, 1961 Section 40A deals with disallowance of expenses in case of payments exceeding prescribed limits in cash.

Income Tax Act, 1961 Section 41 explains income deemed to be profits and gains of business or profession on account of certain amounts previously allowed as deductions.

Income Tax Act, 1961 Section 42 covers the taxation of income from business reorganization involving amalgamation or demerger.

Income Tax Act Section 43 defines 'actual cost' for asset valuation, crucial for depreciation and capital gains calculations.

Income Tax Act, 1961 Section 43A defines 'actual cost' for depreciable assets acquired through amalgamation or demerger.

Income Tax Act, 1961 Section 43B mandates timely payment of specified expenses for allowable deductions.

Income Tax Act, 1961 Section 44 prescribes presumptive taxation for professionals under specified conditions.

Income Tax Act Section 44AA mandates maintenance of books of accounts by specified professionals and businesses for accurate income reporting.

Income Tax Act Section 44AB mandates audit of accounts for specified taxpayers to ensure accurate income reporting.

Income Tax Act Section 44AC mandates audit for businesses exceeding specified turnover limits to ensure accurate tax compliance.

Income Tax Act Section 44AD offers a presumptive taxation scheme for small businesses to simplify income computation and tax compliance.

Income Tax Act Section 44AE prescribes presumptive taxation for owners of goods carriages to simplify tax compliance.

Income Tax Act Section 44AF defines presumptive income for freight and goods transport businesses.