A scrutiny (regular) assessment under Section 143(3) is a comprehensive evaluation of a taxpayer’s return...
Section 151A empowers the Central Government to implement a faceless, technology-driven scheme for reassessing...
Section 54GA of the Income Tax Act, 1961, provides tax exemption on capital gains when a business relocates...
Understanding of Section 54B
Agriculture plays a vital role in the economy of many countries, providing...
Section 194Q of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made by buyers to resident...
Section 196A of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income paid to non-residents (including foreign...
Introduction
The Goods and Services Tax (GST) registration process in India has seen a significant shift...
Ministry of Finance
GOVERNMENT MAKES NEW TAX REGIME MORE ATTRACTIVE
STANDARD REDUCTION INCREASED FROM...
The Income Tax Appellate Tribunal (ITAT) derives its adjudicatory powers from Section 254 of the Income...
Section 10(23BBA) of the Income Tax Act provides a tax exemption for the income of any body or authority...
Here’s a detailed analysis of the tax treatment of family pension payments received by legal heirs of...
Section 80JJAA of the Indian Income Tax Act, 1961 provides a valuable deduction for employers who create...
Here’s a detailed explanation of Section 173 (Penalty Not to Be Imposed in Certain Cases) under the Equalisation...
Key Rule:
Section 61 (taxation of revocable transfers) does NOT applyif the transfer is irrevocable...
These sections govern how notices, summons, orders, and other communications must be served by the Income...
Ministry of Finance
Posted On: 22 JAN 2025 8:09PM by PIB Delh
CBDT notifies amendments in Income-tax...
Under Explanation 1(iii) to Section 115JB(2), companies can deduct the lower of:
Brought forward losses(as...
Ministry of Finance
HIGHLIGHTS OF UNION BUDGET 2025-26
Posted On: 01 FEB 2025 1:29PM by PIB Delhi
PART...
Employee Stock Option Plans (ESOPs) are popular mechanisms through which companies attract, retain, and...
Section 293D empowers the Central Government to implement a faceless (digital) scheme for granting approvals...