#new regime tax slab

Read more about the article Understanding Section 115BB of the Income Tax Act: Tax on Winnings from Lotteries, Gambling, and Other Games

Understanding Section 115BB of the Income Tax Act: Tax on Winnings from Lotteries, Gambling, and Other Games

When it comes to calculating taxes on winnings from lotteries, crossword puzzles, horse races, card games, or other forms of gambling, the Income Tax Act provides a special provision—Section 115BB.…

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Read more about the article Understanding Section 115BAE of the Income Tax Act: Tax on Income of Certain New Manufacturing Co-operative Societies

Understanding Section 115BAE of the Income Tax Act: Tax on Income of Certain New Manufacturing Co-operative Societies

The introduction of Section 115BAE in the Income Tax Act, effective from April 1, 2024, marks a significant development for newly established manufacturing co-operative societies in India. This section aims…

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Read more about the article Understanding Section 115BAD of the Income Tax Act: Tax on Income of Certain Resident Co-operative Societies

Understanding Section 115BAD of the Income Tax Act: Tax on Income of Certain Resident Co-operative Societies

Section 115BAD of the Income Tax Act, introduced by the Finance Act, 2020, offers a concessional tax regime for eligible resident co-operative societies in India. This provision allows them to…

Continue ReadingUnderstanding Section 115BAD of the Income Tax Act: Tax on Income of Certain Resident Co-operative Societies