Under Section 253 of the Income Tax Act, 1961, appeals can be filed before the Income Tax Appellate Tribunal...
Section 196A of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income paid to non-residents (including foreign...
1. Mandatory E-Filing Requirement
All tax deductorsmust electronically file quarterly TDS statements
Applies...
In the realm of tax enforcement, the power of inspection, search, and seizure plays a pivotal role in...
Section 80RRB of the Income Tax Act, 1961, provides for a deduction in respect of royalty income received...
Section 250 of the Income Tax Act, 1961 governs the procedure followed by the Commissioner of Income...
Under the Explanation to Section 139(9) of the Income Tax Act, 1961, a return is considered defective if...
Perquisites under Section 17(2) of the Income Tax Act, 1961, are additional benefits or amenities provided...
An Electoral Trust is a unique entity that plays a crucial role in the political funding of political...
1. Legal Provision
Section 206C(6)imposes penalties on sellers/collectors who fail to collect Tax Collected...
Section 56(1) serves as the residual head of income, capturing all taxable income that does not fall...
1. Purpose of Section 115JAA
Allows companies to claim creditfor excess MAT paid (when MAT > normal...
Section 73A of the Income Tax Act, 1961, governs the treatment of losses incurred in specified businesses under Section...
(1) In the world of business and taxation, there are various provisions and regulations that govern...
Section 293D empowers the Central Government to implement a faceless (digital) scheme for granting approvals...
Section 10(23BBB)- Tax Exemption for income earned by the European Economic Community (EEC) in India
Section 10(23BBB) of the Income Tax Act provides a tax exemption for income earned by the European Economic...
Amendment of section 5.
147. In the Integrated Goods and Services Tax Act, 2017 (13 of 2017.) (hereinafter...
Section 194P of the Income Tax Act, 1961, provides a TDS exemption for senior citizens (aged 75+) with...
Section 80DDB of the Income Tax Act in India provides a deduction for individuals and Hindu Undivided...
1. Overview
Under Section 210(1) of the Income Tax Act, 1961, taxpayers liable for advance tax must voluntarily...