In the intricate landscape of Goods and Services Tax (GST), the concepts of zero-rated supply and export...
Here’s a detailed breakdown of the tax rates on long-term capital gains (LTCG) for assets not covered...
Chapter VI-A of the Income Tax Act, 1961, provides various deductions from Gross Total Income (GTI) to...
An Electoral Trust is a unique entity that plays a crucial role in the political funding of political...
Section 43B of the Income Tax Act, 1961 is a crucial provision that disallows certain expenses unless...
Section 194M of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on certain payments made...
Section 43CA of the Income Tax Act, 1961 addresses the taxation of undervalued transactions involving business...
Sukanya Samriddhi Account is a Government of India backed saving scheme targeted at the parents of girl...
Section 132B governs how assets seized under Section 132 or requisitioned under Section 132A are to be utilized,...
Applicable to: Registered Cooperative Societies
This section provides full or partial tax exemptions to...
Section 230 of the Income Tax Act, 1961 mandates certain individuals to obtain a Tax Clearance Certificate...
Section 40A of the Income Tax Act, 1961 specifies certain expenses or payments that cannot be deducted while...
Section 234B(3) deals with the recalculation of interest under Section 234B when the assessed tax is...
Section 25A of the Income Tax Act, 1961, governs the tax treatment of arrears of rent (unpaid rent recovered...
Following goods are being exempted from levy of Social Welfare Surcharge
S. No.
Description
1.
Natural...
Section 144 of the Income Tax Act, 1961, empowers the Assessing Officer (AO) to determine a taxpayer’s...
1. Overview
Under Section 210(1) of the Income Tax Act, 1961, taxpayers liable for advance tax must voluntarily...
Section 80DDB of the Income Tax Act in India provides a deduction for individuals and Hindu Undivided...
The Income Tax Appellate Tribunal (ITAT) is the final fact-finding authority under the Income Tax Act,...
The Budget 2025 has introduced enhanced threshold limits for TDS, ensuring that smaller transactions...