Section 80GG of the Income Tax Act allows individuals to claim deductions for the rent paid when they...
“Deemed profits” are amounts that aren’t traditional business income, but are still taxed as business...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New...
Section 9 of the Income Tax Act, 1961 is an important provision that deals with the taxation of income...
Section 10(37) of the Income Tax Act provides a capital gains exemption for individuals or Hindu Undivided...
Section 10(10D) of the Income Tax Act, 1961, provides tax exemption on the sum received under a life...
Applicable to: Individual authors/researchers (Indian residents)
This section provides tax relief on royalty...
Under the Income Tax Act, 1961, the right to claim a refund depends on who has paid the excess tax and...
Purpose:
This section provides a tax exemption on payments made by an Indian company to a foreign entity...
Section 10(10A) of the Income Tax Act in India relates to the tax treatment of payments made in commutation...
Discover Section 44BBD Presumptive Tax — India’s New Presumptive Tax Scheme for Non-Residents Serving...
The Inverted Duty Structure (IDS) under the Goods and Services Tax (GST) regime is a situation where...
A Notified Institution refers to any entity or body corporate established by the Central Government or...
Applicable to: Individuals & HUFs (for self or dependent relatives)
This section provides tax relief...
The Income Tax Act, 1961 governs the taxation of companies in India, outlining rules for computation,...
Section 206C(1G) of the Income Tax Act, 1961 mandates Tax Collected at Source (TCS) on:
Outbound remittancesunder...
With the increasing concerns about climate change and the need to reduce pollution, there has been a...
Goods and Services Tax (GST) in India is a comprehensive, multi-stage, destination-based tax that is...
Chapter VI-A of the Income Tax Act, 1961, provides various deductions from Gross Total Income (GTI) to...
1. Key Provision
Section 37(2B)of the Income Tax Act, 1961, disallows any deduction for expenses incurred...