Under Section 139(4B) of the Income Tax Act, 1961, political parties in India are mandatorily required to...
Is one of the most well-known investment schemes offered by the India Post. While the scheme is open...
Section 194N of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on cash withdrawals exceeding...
Section 145 of the Income Tax Act, 1961 governs the method of accounting for computing taxable income...
Section 194J of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made for professional...
(1) Introduction to Section-71 (Inter-Head Adjustment)
Under the Indian Income Tax Act, 1961, taxpayers...
Under the Indian Income Tax Act, 1961, the taxability of income from letting out of machinery, plant,...
Section 192A of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on premature withdrawals...
With the increasing concerns about climate change and the need to reduce pollution, there has been a...
Leave encashment refers to the amount received by an employee in exchange for unused leave balance at...
Introduction:
Section 67 of the Central Goods and Services Tax (CGST) Act, 2017, deals with the power...
Section 244A of the Income Tax Act, 1961, governs the interest paid by the Income Tax Department to taxpayers...
It was introduced under chapter VIII of Finance Act, 2016. This chapter came in to force from 1st June,...
Section 144 of the Income Tax Act, 1961, empowers the Assessing Officer (AO) to determine a taxpayer’s...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
******
New...
The Central Board of Direct Taxes (CBDT) has issued Notification No. 2 of 2024, which addresses the time...
Section 43B of the Income Tax Act, 1961 is a crucial provision that disallows certain expenses unless...
Section 80DD of the Income Tax Act in India provides a deduction for individuals or Hindu Undivided Families...
Section 268 of the Income Tax Act, 1961 provides a relief mechanism for taxpayers and the tax department...
1. Key Features of Section 69
Objective: Targets unexplained investments(e.g., property, gold, shares)...