Amendments relating to Appeals and Revisions by the Finance Bill, 2022
1.  Litigation management when in an appeal by revenue an identical question of law is pending before...
Computation of Capital Gain in Certain Special Cases
Here we discuss all the Provisions towards Computation of Capital Gain in certain Special Cases and the...
Computation of Income from House Property (Partly Let Out & Partly Self-Occupied)
When a property is partly self-occupied (SOP) and partly let out (LOP), the Income Tax Act treats it...
Exemption of Specified Income from International Sporting Event held in India [Section 10(39)]
In India, hosting international sporting events is not only a matter of pride but also has significant...
PAN Card for NRI
1.  Documents Required to Apply for NRI PAN Card As a Non-Resident Indian (NRI), obtaining a Permanent...
Section 10(10D)- Tax Exemption on Life Insurance Policy Maturity/Death Benefits
Section 10(10D) provides tax exemption on amounts received from a life insurance policy, including: Maturity...
TDS on Other Sums Paid to Non-Residents [Section 195]
Section 195 of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made to non-residents...
Income of a Notified Institution established for Financing Infrastructure and Development to be Exempt [Section 10(48D)]
A Notified Institution refers to any entity or body corporate established by the Central Government or...
Conditions to be Satisfied for Claiming Exemption Under Section 11
To avail tax exemption under Section 11, a charitable or religious trust must satisfy the following mandatory...
General Deductions [Section 37(1)] -Profits and Gains of Business or Profession
Any expenditure (not being expenditure of the nature described in sections 30 to 36) and not of capital...
Provisions and Amendments Relating to “Tax Administration” under Finance (No.2) Bill, 2024.
Provisions and Amendments Relating to Direct Tax Vivad se Vishwas Scheme, 2024 The Income-tax Act, 1961...
Section 10(23BBE)- Tax Exemption for the income of the Insurance Regulatory and Development Authority (IRDA)
Section 10(23BBE) of the Income Tax Act provides a complete tax exemption for the income of the Insurance...
Rates of Income Tax for Assessment Year 2022-23 & 2023-24
(A) In the case of every Individual or Hindu Undivided Family (HUF)   (A1)     If the individual...
[Section 80C]: Deduction in respect of Life Insurance Premium, Deferred Annuity, Contributions to Provident Fund, Subscription to certain Equity Shares or Debentures, etc.
Section 80C of the Income Tax Act allows individuals to claim deductions on certain investments and expenses,...
Extension of Time for Reinvestment in Case of Compulsory Acquisition [Section 54H]
Section 54H of the Income Tax Act, 1961, provides an extension of the reinvestment period for claiming...
Section 10(2): Amounts Received by a Member from HUF Income
Section 10(2) of the Income Tax Act, 1961, provides a tax exemption for sums received by a member of...
Section 10(13A)- Tax Exemptions on House Rent Allowance (HRA) received by an Employee to meet Rental Expenses
Section 10(13A) of the Income Tax Act, 1961 provides an exemption for the House Rent Allowance (HRA) received...
Investment in Kisan Vikas Patra Yojana
Kisan Vikas Patra is a certificate scheme from the Indian post office. It doubles a one-time investment...
TDS on Rent [Section 194I]
Section 194-I of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on rent payments exceeding...
Employer Contribution to Recognised Provident Fund (RPF) – Tax Rules & Limits
Under the Employees’ Provident Fund (EPF) scheme, employers are required to contribute to a Recognised...
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