Section 10(23BBH) of the Income Tax Act provides a complete tax exemption for the income of Prasar Bharati...
Section 194B of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on winnings from games...
Section 198 of the Income Tax Act, 1961 establishes a fundamental principle that any tax deducted at...
Section 10(12A) of the Income Tax Act, 1961 provides that any amount received by an individual from the...
Amendment of section 5.
147. In the Integrated Goods and Services Tax Act, 2017 (13 of 2017.) (hereinafter...
Section 234C of the Income Tax Act, 1961 imposes interest for deferring advance tax payments beyond the...
Section 139B of the Income Tax Act, 1961, allows taxpayers to file their income tax returns through authorized...
Applicable to: Businesses engaged in collecting/processing biodegradable waste
This section provides...
Section 194 of the Income Tax Act, 1961, governs Tax Deducted at Source (TDS) on dividend payments made...
Applicable to: Individuals (Salaried & Self-Employed)
This section provides tax benefits for contributions...
Special Economic Zones (SEZs) have emerged as key drivers of economic growth and development in many...
Section 70 of the Income Tax Act, 1961, allows taxpayers to adjust losses from one source against income...
Understanding of Section 54B
Agriculture plays a vital role in the economy of many countries, providing...
Section 293B of the Income Tax Act, 1961, empowers the Central Board of Direct Taxes (CBDT) to condone...
Notification No. 05/2025 [F. No. 300196/37/2019-ITA-I] Dated 3nd January, 2025
MINISTRY OF FINANCE
(Department...
The treatment of vouchers under GST has been a subject of debate due to their unique nature. This article...
Applicable to: Individuals & HUFs (for self or dependent relatives)
This section provides tax relief...
When it comes to investing in mutual funds, it is important to understand the various tax implications....
Section 49 specifies how the cost of acquisition of a capital asset is determined when it is acquired...
Section 54GB of the Income Tax Act, 1961 in India provides for the exemption of long-term capital gains...