Section 10(11A) provides full tax exemption on withdrawals from a Sukanya Samriddhi Account (SSA), making...
Section 30 to 35 covers the following expenses Allowed as Deduction while computing Profits and Gains...
Interest on Non-resident (External) Account (NRE) is exempt from income tax in India under Section 10(4)(ii)...
Purpose:
This section provides a full tax exemption on the income of local authorities, such as municipalities,...
1. Set-Off Rules for Current Year Losses
Intra-head adjustment (Section 70):
Business losses can be...
Under the Income Tax Act, 1961, and the Constitution of India, an appeal can be filed before the Supreme...
S.O. 614(E).-In exercise of the powers conferred by sub-section (2) of section 168 of Finance Act, 2016...
Purpose:
This section provides a tax exemption on family pension received by the widow or children of...
as per Part “C” of Schedule II of the Companies Act, 2013 after making following assumptions:
The...
Section 206C of the Act provides for tax collection at source (TCS) on business of trading in alcoholic...
1. Income Tax Law
An understanding of the Income-tax law requires a study of the following:
(I) ...
Section 55(2) of the Income Tax Act, 1961, provides crucial rules for determining the cost of acquisition of...
Section 10(23EE) of the Income Tax Act provides a tax exemption for specified income of a Core Settlement...
The Income Tax Act, 1961 allows charitable and religious trusts to apply for belated registration under Section...
Section 194-I of the Income Tax Act, 1961, a crucial piece of legislation in India, governs the taxation...
Tax Treatment of Partly Agricultural and Partly Non-Agricultural Income
Tax Treatment of on Composite...
Section 194 of the Income Tax Act, 1961, governs Tax Deducted at Source (TDS) on dividend payments made...
Under the Goods and Services Tax (GST) regime in India, healthcare services and hospital room rent are...
Every person shall quote his permanent account number in all documents pertaining to the transactions...
Under the Explanation to Section 139(9) of the Income Tax Act, 1961, a return is considered defective if...