The Income Tax Act, 1961, has undergone numerous amendments over the years, particularly in relation to the deduction of bonus or commission paid to employees under Section 36(1)(ii). This section…
When running a business or practicing a profession, managing finances effectively is crucial, not just for day-to-day operations but also for optimizing your tax liabilities. One of the key sections…
Introduction The Indian Income Tax Act has been a dynamic piece of legislation, evolving over the years to meet the needs of the country’s changing economic landscape. Among the many…
Investing in new assets is a crucial step for businesses aiming to modernize and expand their operations. To incentivize such investments, the Indian Income Tax Act offers a valuable tax…