Category Archives: Income Tax

Latest amendments, updates and notes related to the Income Tax 1961 and its Rule, Circulars and Notifications.

80C Deductions for Tax Panning | LIC, PF, Equity Share, NSC

Section 80C Deduction

Claim ₹1.5 Lakh deduction under section 80C of Income-tax Act, 1961-2016 for AY 2017-18 in respect of certain payments made in previous year 2016-17.

List of Tax Deductions for computing Taxable Income of FY 2016-17

Chapter VIA Deductions

Chapter VIA deductions specified in sections 80C to 80U of Income-tax Act to be allowed while computing taxable income for Financial years 2016-17 onwards.

Section 87A – INR 5000 Rebate of income-tax for Individuals

Income Tax Rebate

Individual assessee having total income up to ₹5 Lakhs can claim rebate of ₹5000 for assessment year 2017-18 under section 87A of Income Tax Act 1961.

Tax on Dividend declared, distributed or paid by Domestic Companies

Domestic Company Dividend Tax

What is Dividend Distribution Tax? Who is responsible to pay tax on distributed tax on dividend received by the domestic company from its subsidiaries.

Complete list of sections of Income Tax Act, 1961-2016

Income Tax Section List

Download the list of all sections i.e. section 1 to section 298 of the Income Tax Act, 1961 as amended by the relevant Finance Act in PDF format.

Month-wise Indian Income Tax Calendar for the Year 2016

Tax Due Date

Last date of various dues under Income Tax Act, 1961 for the year 2016. Annual Return, 44AB Audit Report, Tax deducted/collected, TDS/TCS certificates.