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Form 16B serves as proof of tax deducted at source (TDS) on the sale of immovable property under Section 194-IA of the Income Tax Act,...

Section 194IA of the Income Tax Act, 1961, requires buyers of immovable property in India, with a value exceeding Rs 50 lakhs, to deduct...

Section 87A of the Income Tax Act, 1961, provides taxpayers in India with a valuable rebate that can significantly reduce their income...

Non-Resident Indians (NRIs) are eligible to claim deductions under Section 80C of the Income Tax Act for investments made in qualifying...

In the financial year 2025-26 (Assessment Year 2026-27), salaried employees in India have access to several key deductions under the...

Taxpayers in India have the opportunity to save significantly on their taxes by claiming deductions and rebates under various sections of...

When it comes to reducing your tax liability in India, Sections 80C , 80D, and 80E of the Income Tax Act, 1961 offer some of the most...

The Union Budget 2025 introduced changes to income tax slabs and Section 87A rebate that bring new benefits for taxpayers. Under the...

Opening a bank account is an essential step in managing your finances. In India, it requires submitting specific documents to comply with...