According to Section 10(7), allowances or perquisites received by an employee outside of India for rendering...
Section 142A of the Income Tax Act, 1961 empowers the Assessing Officer (AO) to refer matters of asset...
Amendment of section 5.
147. In the Integrated Goods and Services Tax Act, 2017 (13 of 2017.) (hereinafter...
1. Definition of “Person” under Section 2(31)
Section 2(31) of the Income Tax Act, 1961...
Here’s a detailed explanation of the taxability of dividends under Section 56(2)(i) as “Income...
Section 10(10CC) of the Income Tax Act, 1961, deals with the tax treatment of non-monetary perquisites...
Section 196 of the Income Tax Act, 1961 provides an exemption from Tax Deducted at Source (TDS) for payments...
Purpose:
This section provides a full tax exemption on income earned by approved news agencies that operate...
Provisions and Amendments Relating to Direct Tax Vivad se Vishwas Scheme, 2024
The Income-tax Act, 1961...
Section 7 of the Income Tax Act, 1961, defines certain incomes that are deemed to be received in India,...
The following Essential & Basic Rules have to be kept in mind while calculating Deductions under...
Ministry of Finance
HIGHLIGHTS OF UNION BUDGET 2025-26
Posted On: 01 FEB 2025 1:29PM by PIB Delhi
PART...
Section 292B of the Income Tax Act, 1961, protects income tax proceedings from being invalidated due...
1. Scope of Total Income / Incidence of Tax [Section 5]
Total income of an assessee cannot be computed...
Key Rule:
Section 61 (taxation of revocable transfers) does NOT applyif the transfer is irrevocable...
Section 194LBA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on specific income...
Section 190 of the Income Tax Act, 1961, governs the provisions related to Tax Deduction at Source (TDS),...
Section 10(23FB) of the Income Tax Act provides a tax exemption for income earned by a Venture Capital...
Under Section 139(4B) of the Income Tax Act, 1961, political parties in India are mandatorily required to...
Term life insurance, also known as pure life insurance, is a type of life insurance that guarantees payment...