PARTICULARS
AMOUNT (₹)
REMARKS
Gross Receipts (Sales/Fees)
XXX
Total business income
Less: Cost...
Section 10(4) of the Income Tax Act, 1961 in India provides an exemption for certain types of interest...
Under Section 240 of the Income Tax Act, 1961, refunds arising from appellate or other proceedings are...
Section 264B of the Income Tax Act, 1961, pertains to the faceless effect of orders passed under the...
Interest income is one of the common sources of income for individuals and businesses alike. When it...
Under Section 48 of the Income Tax Act, 1961, certain expenses incurred during the transfer of a capital...
Interest on Non-resident (External) Account (NRE) is exempt from income tax in India under Section 10(4)(ii)...
The introduction of Section 128A in the Central Goods and Services Tax (CGST) Act, 2017, by the Finance...
Section 92 of The Income Tax Act 1961, states that any income, expenditure interest & allocation...
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...
Under Explanation 1(iii) to Section 115JB(2), companies can deduct the lower of:
Brought forward losses(as...
Section 139B of the Income Tax Act, 1961, allows taxpayers to file their income tax returns through authorized...
Section 10(25A) of the Income Tax Act provides a complete tax exemption for any income of the Employees’...
Section 284 of the Income Tax Act, 1961, governs how notices, orders, or summons must be served when...
Understanding Section 10(8A)
Section 10(8A) provides full tax exemption on remuneration received by:
Non-Indian...
Section 10(11) of the Income Tax Act provides tax exemption on withdrawals from a Statutory Provident...
Chargeability/Scope/Meaning of Income under the head “Profits and Gains of Business and Profession” under...
Applicable to: DPIIT-recognized startups (Private Companies/LLPs)
This section provides a 100% tax deduction...
Section 244A governs the payment of interest on income tax refunds to assessees. Below is a detailed...