![Exemption in respect of income chargeable to Equalization Levy [Section 10(50)]](https://incometaxmanagement.in/wp-content/uploads/2023/10/58-Exempted-Incomes-Section-1050.png)
Section 10(50) of the Income Tax Act, 1961 provides for exemption from income tax in the hands of a non-resident...
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi,...
![Expenses allowed as a Deduction [Sections 30 to 35]](https://incometaxmanagement.in/wp-content/uploads/2023/09/Expenses-allowed-as-a-Deduction-Sections-30-to-35.jpg)
Section 30 to 35 covers the following expenses Allowed as Deduction while computing Profits and Gains...
1. Provisions of Section 79 not to apply In case of Strategic Disinvestment of Public Sector Companies...
Section 10(10CC) of the Income Tax Act, 1961 deals with the taxation of non-monetary perquisites provided...
The introduction of Section 128A in the Central Goods and Services Tax (CGST) Act, 2017, by the Finance...
Introduction In the world of business and finance, it is not uncommon for companies to convert their...
1. Source of the funds or any other sum provided by the lender to the borrower and credited in hooks...
Circular No. 01/2025 [F. No. 500/05/2020/FT&TR-II] Dated 21st January, 2025 Government of India Ministry...
Notification No. 03/2025 [F. No. 275/109/2024-IT(B)] Dated 2nd January, 2025 MINISTRY OF FINANCE (Department...
Business trusts have gained popularity in recent years as a unique investment vehicle. They offer investors...
A Post Office Savings Account is one of the most popular and accessible savings accounts in India. The...
We will continue our efforts to simplify taxes, improve tax payer services, provide tax certainty and...
(A) Providing Tax Relief A.1 Substantial relief is proposed under the new tax regime with new slabs and...
S.O. 614(E).-In exercise of the powers conferred by sub-section (2) of section 168 of Finance Act, 2016...
Retrenchment compensation is the amount paid to a workman (employee) at the time of termination of employment...
A recognized provident fund is a retirement savings scheme that is approved by the government. It is...
![Perquisites [(Section 17(2)] for calculating Salary Income](https://incometaxmanagement.in/wp-content/uploads/2023/09/Perquisites-Section-172-1.jpg)
1. Perquisites [(Section 17(2)]-Definition Section 17(2) of the Income-tax Act, 1961 gives an inclusive...
The Tax Deduction and Collection Account Number (TAN) is a 10-digit alphanumeric number issued by the...
To simplify tax compliance and enhance the ease of doing business, the Finance Act has proposed significant...