Applicable to: All taxpayers (Individuals, HUFs, Firms, etc.)
This section provides 100% deduction for...
Applicable to: All Individual & HUF Taxpayers
This section caps the total deductions available under...
(1) When a company goes into liquidation, it is important to understand the implications it can...
According to Section 10(7), allowances or perquisites received by an employee outside of India for rendering...
Section 283 of the Income Tax Act, 1961, provides special rules for serving notices when:
A Hindu Undivided...
Section 10(10AA) of the Income Tax Act, 1961 provides important tax exemptions for leave encashment (also...
Applicable to: Salaried (without HRA) & Self-Employed Individuals
This section provides tax relief...
Income arising to a shareholder on account of Buy Back of Shares is governed by Section 10(34A) of the...
Section 194H of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made as commission...
Here we discuss all the Provisions towards Computation of Capital Gain in certain Special Cases and the...
Under the Income Tax Act, there are certain provisions that govern the taxation of income earned by minors....
Section 234B(4) of the Income Tax Act, 1961 provides for the adjustment of interest when there is a subsequent...
Interest incomes which are exempt under section 10(15) could be explained with the help of the following...
The Tonnage Tax Scheme is a special taxation regime introduced under Chapter XII-G (Sections 115V to...
(1) When an asset is acquired by the government through the process of compulsory acquisition,...
Overview of Section 112
Section 112 of the Income Tax Act, 1961 governs the taxation of long-term capital...
Order No. [F. No. 225/17/2025-ITA-II] Dated 28th January, 2025
MINISTRY OF FINANCE
(Department of Revenue)
To
All...
Sovereign Gold Bonds (SGBs) are government securities denominated in grams of gold. They are substitutes...
Applicable to: Individuals & HUFs (for self or dependent relatives)
This section provides tax relief...
Section 194LBC of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on income distributed...