Direct Tax
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Expert insights on Direct Tax from practising Chartered Accountants — plain language, actionable advice.
Section 80GG Rent Deduction Without HRA Under ITA 2025: Rs 5,000/Month Form 10BA Guide
Section 80GG (Section 135) rent deduction under ITA 2025 -- for taxpayers without HRA, lowest of three factors (rent minus 10% ATI, 25% ATI, Rs 5K/month), Form 10BA mandatory, no owned property in city, old regime only.
Section 80GGA Scientific Research Donation Under ITA 2025: 100% Deduction & Political Party Guide
Section 80GGA under ITA 2025 -- 100% deduction for scientific research and rural development donations (non-business taxpayers only), Section 80GGB company political party 100%, Section 80GGC individual political party 100%, Form 10BE required.
Section 80IA Infrastructure Deduction Under ITA 2025: 100% Profit, Power & 10-Year Window
Section 80IA infrastructure deduction under ITA 2025 -- 100% profit deduction for 10 consecutive years (out of 15), roads/ports/power/telecom, CA certification, transfer pricing risk Section 80IA(10), not available Section 115BAA, Section 80JJAA employment.
Section 80JJA Bio-Degradable Waste Processing Deduction Under ITA 2025: 100% for 5 Years
Section 80JJA bio-degradable waste processing deduction under ITA 2025 -- 100% profit deduction for 5 years (waste-to-energy, composting, bio-fertiliser), Section 80JJAA employment 30% wages, old regime, CA certification, bio-degradable only.
Section 80LA Offshore Banking Unit Deduction Under ITA 2025: GIFT City IIFSC 100% Guide
Section 80LA OBU GIFT City IIFSC deduction under ITA 2025 -- 100% profit deduction 5 years then 50% for 5 years (10-year window), MAT exempt GIFT City, Form 10CCF, Section 10(4D)/10(4E) complementary exemptions, ship leasing.
Section 80M Inter-Corporate Dividend Deduction Under ITA 2025: No Cascading Tax Guide
Section 80M inter-corporate dividend deduction under ITA 2025 -- domestic company deducts dividend distributed to shareholders from dividend received from subsidiaries, prevents cascading, 30 September distribution deadline, holding company multi-tier.
Section 80P Co-Operative Society Deductions Under ITA 2025: Banking, Agricultural & Consumer
Section 80P co-operative deduction under ITA 2025 -- 100% for banking income (member credit), agricultural marketing, consumer goods, cottage industries, Rs 15K cap on deposit interest, Section 115BAD 22% alternative (no 80P), UCBs PACS.
Section 80PA Farmer Producer Company (FPO) Tax Deduction Under ITA 2025: 5-Year Guide
Section 80PA FPC/FPO tax deduction under ITA 2025 -- 100% profit deduction for 5 years for Farmer Producer Companies (turnover up to Rs 100 crore), agriculture produce marketing/processing, SFAC registered, old regime, vs Section 80P co-operative.
Section 80QQB Author Royalty and Section 80RRB Patent Royalty Under ITA 2025: Rs 3L Guide
Section 80QQB author royalty deduction under ITA 2025 -- Rs 3L for literary/artistic/scientific works (not textbooks), Indian resident individual, Section 80RRB patent inventor Rs 3L, interaction with Section 44ADA, foreign royalty convertible exchange.
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