Section 44AE of the Income Tax Act, 1961 provides a simplified presumptive taxation scheme for businesses...
Section 10(10D) provides tax exemption on amounts received from a life insurance policy, including:
Maturity...
Section 153 prescribes strict deadlines for completing assessments, reassessments, and recomputations under...
Section 115BBE of the Income Tax Act, 1961 imposes a flat 60% tax rate (plus 25% surcharge and 4% cess,...
Section 10(4E) of the Income Tax Act, 1961 provides an exemption from tax on income arising from the...
Yes, under Section 238 of the Income Tax Act, 1961, a person other than the assessee can claim a refund...
Certain professionals and government employees receive special allowances that are fully or partially...
When it comes to investing in mutual funds, it is important to understand the various tax implications....
Is one of the most well-known investment schemes offered by the India Post. While the scheme is open...
Kisan Vikas Patra is a certificate scheme from the Indian post office. It doubles a one-time investment...
Section 10(10BC) of the Income Tax Act, 1961, provides an exemption for compensation received by an individual...
Section 44ADA of the Income Tax Act, 1961 provides a simplified presumptive taxation scheme for eligible...
Section 190 of the Income Tax Act, 1961, governs the provisions related to Tax Deduction at Source (TDS),...
1. Who is Exempt?
Resident Individuals aged 60 years or above(Senior Citizens).
Condition: Must not...
Section 92 of The Income Tax Act 1961, states that any income, expenditure interest & allocation...
Section 10(1) of the Income Tax Act, 1961, provides a full exemption for agricultural income, meaning...
Notwithstanding anything contained in sections 30 to 38, the following amounts shall not be deducted...
Section 56(2)(viib) of the Income Tax Act, 1961, is a provision that pertains to closely-held companies...
(A) Providing Tax Relief
A.1 Substantial relief is proposed under the new tax regime with new slabs and...
Section 73 of the Income Tax Act, 1961, governs the treatment of speculation business losses, imposing...