Income Tax Management

As per Part “C” of Schedule II of the Companies Act, 2013 after making following assumptions: The...

Under the Explanation to section 288(2), an “accountant” means a chartered accountant within...

Investment planning is an essential aspect of financial management, especially for middle-class families....

The Income Tax Law in India is a complex and ever-changing set of regulations that govern the taxation...

An individual may either be a: (a)       Resident in India; or (b)       Deemed to be Resident In India...

1.  Scope of Total Income / Incidence of Tax [Section 5] Total income of an assessee cannot be computed...

Section 9 of the Income Tax Act, 1961 is an important provision that deals with the taxation of income...

Agricultural income and its tax treatment in India fall under Section 10(1) of the Income Tax Act, 1961....

Under Section 10(2) of the Income Tax Act, 1961, the sum received by a member from a Hindu Undivided...

According to Section 10(2A), any share of profit received by a partner from a firm is exempt from tax....

Interest on Non-resident (External) Account (NRE) is exempt from income tax in India under Section 10(4)(ii)...

Under Section 10(4D) of the Income Tax Act, a specified fund is eligible for certain exemptions on its...

Section 10(4E) of the Income Tax Act, 1961 provides an exemption from tax on income arising from the...

Section 10(4F) specifically applies to income earned by a non-resident from a unit of an International...

Section 10(5) of the Income Tax Act allows for certain tax exemptions on travel expenses provided by...

Section 10(6) of the Income Tax Act, 1961 provides an exemption from income tax for certain income received...

According to Section 10(7), allowances or perquisites received by an employee outside of India for rendering...

Death-cum-Retirement Gratuity is an important financial benefit provided to employees in India. It is...

Section 10(10A) of the Income Tax Act in India relates to the tax treatment of payments made in commutation...

Leave encashment refers to the practice of converting accumulated leave into cash. Many organizations...