![General Deductions [Section 37(1)]](https://incometaxmanagement.in/wp-content/uploads/2023/09/General-Deductions-Section-371.jpg)
Any expenditure (not being expenditure of the nature described in sections 30 to 36) and not of capital...
Amendment of section 5. 147. In the Integrated Goods and Services Tax Act, 2017 (13 of 2017.) (hereinafter...
Government of India Department of Revenue Ministry of Finance Central Board of Direct Taxes New Delhi,...
![Residential Status [Sections 5 to 9B]](https://incometaxmanagement.in/wp-content/uploads/2023/11/Residential-Status-Sections-5-to-9B.jpg)
1. Scope of Total Income / Incidence of Tax [Section 5] Total income of an assessee cannot be computed...
Section 10(44) of the Income Tax Act, 1961 provides for exemption from income tax in India in respect...
Section 10(10B) of the Income Tax Act in India provides an exemption for compensation received by employees...
![Computation of Capital Gains [Section 50C]](https://incometaxmanagement.in/wp-content/uploads/2023/09/Computation-of-Capital-Gains-Section-50C.jpg)
Section 50C of the Indian Income Tax Act, 1961, is applicable to the computation of capital gains in...
Sovereign Gold Bonds (SGBs) are government securities denominated in grams of gold. They are substitutes...
Section 10(19) of the Income Tax Act provides an exemption for the family pension received by the family...
Is one of the most well-known investment schemes offered by the India Post. While the scheme is open...
Section 80G of the Income Tax Act, 1961 provides provisions for claiming deductions on donations made...
The Indian Income Tax Act, 1961, governs the taxation of various sources of income in India. One such...
![Income under the Head “Salaries” [Sections 15 to 17]](https://incometaxmanagement.in/wp-content/uploads/2023/09/Income-under-the-Head-Salaries-Sections-15-to-17-1.jpg)
1. Computation of Income under the head Income from “Salaries” The first head of income is...
Ministry of Finance GOVERNMENT MAKES NEW TAX REGIME MORE ATTRACTIVE STANDARD REDUCTION INCREASED FROM...
A. Changes in Basic Customs Duty (to be effective from 24.07.2024) S. No. Chapter, Heading, sub- heading,...
1. Introduction of Block Assessment Provisions in cases of Search under Section 132 and Requisition under...
Death-cum-Retirement Gratuity is an important financial benefit provided to employees in India. It is...
Section 10(23FE) of the Income Tax Act provides an exemption in respect of certain income of wholly owned...
Section 43B- Deductions Allowed only on Actual Payment -Profits and Gains of Business and Profession
Under Section 43B, some of the Expenses are allowed and can be claimed by the Assessee only in the year...
1. Understanding of Section 80-IAC The Income Tax Act, 1961 provides various deductions for taxpayers...