Provident Fund (PF) is a social security scheme in India that provides financial assistance to employees...
Interest income is one of the common sources of income for individuals and businesses alike. When it...
Section 15 of the Income Tax Act, 1961 defines what constitutes taxable salary income and specifies the...
Section 10(1) of the Income-tax Act, 1961 exempts agricultural income from income-tax. However, net agricultural...
Section 194LBA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on specific income...
S.O. 614(E).-In exercise of the powers conferred by sub-section (2) of section 168 of Finance Act, 2016...
Section 285BA of the Income Tax Act, 1961, mandates specified entities to report high-value financial...
Amendment of section 5.
147. In the Integrated Goods and Services Tax Act, 2017 (13 of 2017.) (hereinafter...
Section 10(23ED) of the Income Tax Act provides a tax exemption for income received by an Investor Protection...
Section 80DDB of the Income Tax Act in India provides a deduction for individuals and Hindu Undivided...
Section 49 specifies how the cost of acquisition of a capital asset is determined when it is acquired...
An Association of Persons (AOP), whether incorporated or not, is treated as a `person` under section...
Section 194E of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made to non-resident...
The Goods and Services Tax (GST) Act is a comprehensive legislation that governs the taxation of goods...
The Income Tax Act, 1961, includes specific provisions to protect the interests of Micro, Small, and...
Section 284 of the Income Tax Act, 1961, governs how notices, orders, or summons must be served when...
The Government of India has introduced a new Amnesty Scheme under GST, notified via Notification No. 17/2024 –...
1. Firm to be Assessed as Firm
Essential conditions prescribed under section 184 of the Income-tax Act,...
Applicable to: Individual taxpayers buying their first home
This section provides an additional tax benefit for...
Section 10(23FBA) of the Income Tax Act provides a targeted tax exemption for investment funds—but with...