Section 132A empowers the Income Tax Department to requisition (take custody of) books of account, documents,...
Provisions and Amendments Relating to Direct Tax Vivad se Vishwas Scheme, 2024
The Income-tax Act, 1961...
Overview of STCG under Section 111A
Short-term capital gains (STCG) arising from the transfer of equity...
Applicable to: Enterprises engaged in infrastructure, power, telecom, SEZs, etc.
This section provides 100%...
Section 234F of the Income Tax Act, 1961 imposes a late filing fee if an assessee fails to file their...
1. Applicability
Section 56(2)(ii) covers rental income from:
Machinery
Plant(equipment, tools, vehicles)
Furniture
when not...
Section 10(23EE) of the Income Tax Act provides a tax exemption for specified income of a Core Settlement...
Section 64 of the Income Tax Act, 1961, mandates the clubbing of certain incomes earned by family members...
Section 10(4C) of the Income Tax Act, 1961 in India provides an exemption for interest income earned...
Under the Income Tax Act, 1961, taxpayers have several remedies against orders passed by the Commissioner...
Compensation received under a Voluntary Retirement Scheme (VRS) or Voluntary Separation Scheme is partially...
Every person shall quote his permanent account number in all documents pertaining to the transactions...
Section 285BB of the Income Tax Act, 1961, mandates the Income Tax Department to provide taxpayers with...
Section 10(10AA) of the Income Tax Act, 1961 provides important tax exemptions for leave encashment (also...
Section 10(19) of the Income Tax Act provides an exemption for the family pension received by the family...
Employee Stock Option Plans (ESOPs) are popular mechanisms through which companies attract, retain, and...
The registration of a charitable or religious trust under Sections 12A/12AA/12AB of the Income Tax Act,...
Sections 15-17 Guide : Learn How To Compute Income From Salaries Under India’s Income Tax Act....
1. Key Features of Section 69A
Objective: Targets unexplained money, jewellery, or assetsfound in possession...
Insertion of new section 8A.
153. In the Goods and Services Tax (Compensation to States) Act, 2017 (15...