Understanding section 36 of Income Tax Act, 1961 : Other deductions Section 36 of the Income Tax Act, 1961 outlines the various deductions that businesses and individuals can claim while computing their taxable income. Let’s break down these provisions in simpler terms: (i) Premiums for Insurance: You can deduct the amount you pay as insurance […]

Introduction Are you looking to understand about A Comprehensive Guide to Deduction for Expenditure on Prospecting, etc., for Certain Minerals Section 35E of Income Tax Act 1961 ?  This detailed article will tell you all about A Comprehensive Guide to Deduction for Expenditure on Prospecting, etc., for Certain Minerals Section 35E of Income Tax Act

Introduction Are you looking to understand about Amortisation of Expenditure Incurred Under Voluntary Retirement Scheme Section 35DDA of Income Tax Act 1961 ?  This detailed article will tell you all about Amortisation of Expenditure Incurred Under Voluntary Retirement Scheme Section 35DDA of Income Tax Act 1961. Hi, my name is Shruti Goyal, I have been

Introduction Are you looking to understand about “Demystifying Section 35DD of Income Tax Act 1961: Understanding Amortisation of Expenditure in Case of Amalgamation or Demerger” ?  This detailed article will tell you all about “Demystifying Section 35DD of Income Tax Act 1961: Understanding Amortisation of Expenditure in Case of Amalgamation or Demerger”. Hi, my name

Introduction Are you looking to understand about Amortisation of Certain Preliminary Expenses Section 35D of Income Tax Act 1961: A Complete Guide ?  This detailed article will tell you all about Amortisation of Certain Preliminary Expenses Section 35D of Income Tax Act 1961: A Complete Guide. Hi, my name is Shruti Goyal, I have been

Introduction In recent years, the Indian government has been taking steps to encourage skill development and improve the employability of its citizens. One such step is the introduction of Expenditure on Skill Development Project Section 35CCD of Income Tax Act 1961. This section allows businesses to claim a tax deduction on their expenditure related to

Introduction The Expenditure on Agricultural Extension Project Section 35CCC of Income Tax Act 1961 is a scheme introduced by the Indian government to encourage investments in agricultural extension projects. The scheme allows for tax benefits for individuals and companies that invest in such projects. Agricultural extension projects are those that aim to improve agriculture practices

Introduction In India, the government has taken several steps to promote rural development and uplift the lives of people living in rural areas. One such step is the provision of Section 35CCA of the Income Tax Act, 1961, which allows taxpayers to claim deductions on their income tax for expenditure made by way of payment