Order No. [F. No. 225/235/2024/ITA-II] Dated 31st January, 2025
MINISTRY OF FINANCE
(Department of Revenue)
Order...
Section 264B of the Income Tax Act, 1961, pertains to the faceless effect of orders passed under the...
Here’s a comprehensive analysis of Section 56(2)(viib) of the Income Tax Act, 1961, which taxes share...
Applicable to: Individuals
This section allows a deduction for contributions made to approved pension...
Applicable to: Banks/Financial Institutions operating in IFSCs (e.g., GIFT City)
This section provides 100%...
The Income Tax Act, 1961, provides a special procedure for assessments in search cases to ensure thorough...
Section 139B of the Income Tax Act, 1961, allows taxpayers to file their income tax returns through authorized...
Under the Income Tax Act, 1961, certain transactions involving capital assets are excluded from the definition...
Under the Goods and Services Tax (GST) regime, Goods Transport Agency (GTA) and EWAY BILL are critical...
Section 55(1)(b) of the Income Tax Act, 1961, defines the cost of improvement for capital assets, which...
E-Invoicing has been implemented in India in a phased manner since 1st October 2020. Let us discuss whether...
Applicable to: Individuals & HUFs
Section 80C is one of the most popular tax-saving sections, allowing...
Section 59 deals with deemed income that becomes taxable under the head “Income from Other Sources” when...
Section 43CB of the Income Tax Act, 1961 standardizes the computation of income from construction contracts and service...
Pension is a periodic payment made to an employee after retirement. Under Section 17(1)(ii) of the Income...
Agricultural income and its tax treatment in India fall under Section 10(1) of the Income Tax Act, 1961....
The Post Office has been a trusted place for depositing and transacting with money. This is especially...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
******
New...
Certain professionals and government employees receive special allowances that are fully or partially...
Notification No. 05/2025 [F. No. 300196/37/2019-ITA-I] Dated 3nd January, 2025
MINISTRY OF FINANCE
(Department...