Section 234H of the Income Tax Act, 1961 imposes a fee for failure to intimate/link one’s Aadhaar...
Under Section 139(4B) of the Income Tax Act, 1961, political parties in India are mandatorily required to...
Section 80JJAA of the Indian Income Tax Act, 1961 provides a valuable deduction for employers who create...
Section 10(23FC) of the Income Tax Act provides a tax exemption for specific types of income earned by...
Under Section 139(3) of the Income Tax Act, 1961, taxpayers can file a Return of Loss to carry forward...
1. Legal Basis
Proviso to Section 206C(3): Requires sellers/collectorsto submit a statement of TCS collected...
Section 9 of the Income Tax Act, 1961 is an important provision that deals with the taxation of income...
Under Section 240 of the Income Tax Act, 1961, refunds arising from appellate or other proceedings are...
Income from house property is one of the five heads of income under the Income Tax Act, 1961. It applies...
Under the Income Tax Act, 1961, certain expenses are expressly disallowed while computing taxable income...
1. Litigation management when in an appeal by revenue an identical question of law is pending before...
Section 156 of the Income Tax Act, 1961, governs the issuance of demand notices by the Assessing Officer...
Here’s a detailed breakdown of Section 270A of the Income Tax Act, 1961, which imposes penalties for under-reporting and misreporting of...
Section 55(2) of the Income Tax Act, 1961, provides crucial rules for determining the cost of acquisition of...
1. Introduction to Section 70 –
The Indian Income Tax Act, 1961, provides various provisions for...
Under the Income Tax Act, 1961, certain transactions involving capital assets are excluded from the definition...
The residential status of an individual is crucial for determining tax liability in India. It classifies...
Government of India
Department of Revenue
Ministry of Finance
Central Board of Direct Taxes
New Delhi,...
(1) When an asset is acquired by the government through the process of compulsory acquisition,...
Here’s a detailed explanation of the penalty for failure to furnish the Equalisation Levy (EL)...