Retirement benefits such as pension, gratuity, provident fund, and leave encashment are taxed differently...
Special Economic Zones (SEZs) have emerged as key drivers of economic growth and development in many...
Under the Income Tax Act, 1961, certain transactions involving capital assets are excluded from the definition...
The Government of India’s Department of Posts, Ministry of Communications, offers fixed deposit accounts...
Section 10(26) of the Income Tax Act provides special provisions for the income of a member of a Scheduled...
Gratuity is a significant part of an employee’s remuneration package. It is a payment made by an employer...
Here’s a detailed explanation of Section 269SS of the Income Tax Act, 1961, which governs the mode of...
Section 15 of the Income Tax Act, 1961 defines what constitutes taxable salary income and specifies the...
Section 10(23FBC) of the Income Tax Act provides a tax exemption for income earned by a unit holder from...
1. Legal Basis
Section 206C(6A)empowers tax authorities to impose penalties under Section 221 on sellers...
1. General Rule for All Non-Company Entities [Section 6(2)]
The residential status of Firms, AOPs, BOIs,...
1. What is equalization levy (EL)?
This is a tax leviable on consideration received or receivable by...
Section 49 specifies how the cost of acquisition of a capital asset is determined when it is acquired...
1. Gratuity
Gratuity is a payment made by the employer to an employee in appreciation of the past services...
The Inverted Duty Structure (IDS) under the Goods and Services Tax (GST) regime is a situation where...
Section 234G of the Income Tax Act, 1961, imposes a late fee on institutions, trusts, or funds that fail...
The tax treatment of interest, premium, or bonus on specified investments is governed by Section 10(15)...
1. Rationalization of provisions of TDS on sale of immovable property [Section 194-IA amended w.e.f....
Section 54 of the Income Tax Act, 1961 provides tax exemption on long-term capital gains (LTCG) arising...
Section 194-O of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made by e-commerce...