The Income Tax Act, 1961, has undergone several amendments over the years to simplify and streamline taxation policies in India. One significant change was the omission of Section 2(39), which…
The taxation of distributed income from securitisation trusts is governed by Section 115TA of the Income Tax Act. This provision establishes clear guidelines on how income distributed by securitisation trusts…
Introduction Section 36(1)(viia) of the Income Tax Act is a crucial provision that enables banks, non-banking financial companies (NBFCs), and other financial institutions to claim deductions for provisions made towards…