Section 230 of the Income Tax Act, 1961 mandates certain individuals to obtain a Tax Clearance Certificate...
Section 80DD of the Income Tax Act in India provides a deduction for individuals or Hindu Undivided Families...
Section 10(13A) of the Income Tax Act, 1961 provides an exemption for the House Rent Allowance (HRA) received...
1. Legal Requirement
Section 206C(5): Mandates that every seller/collectormust issue a TCS certificate...
Under Section 251 of the Income Tax Act, 1961, the Commissioner of Income Tax (Appeals) [CIT(A)] has wide-ranging...
The introduction of Section 128A in the Central Goods and Services Tax (CGST) Act, 2017, by the Finance...
(1) Introduction to Section-71 (Inter-Head Adjustment)
Under the Indian Income Tax Act, 1961, taxpayers...
Section 10(25A) of the Income Tax Act provides a complete tax exemption for any income of the Employees’...
Section 194LBA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on specific income...
Tax on distributed income of domestic company for buy-back of shares
Special provisions relating to tax...
Kisan Vikas Patra is a certificate scheme from the Indian post office. It doubles a one-time investment...
Section 194M of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on certain payments made...
Notwithstanding anything contained in sections 30 to 38, the following amounts shall not be deducted...
The Indian Income Tax Act, 1961 classifies taxable income under five distinct heads, with “Income...
Section 10(23B) of the Income Tax Act provides a tax exemption for income earned by certain institutions...
Chapter VI-A of the Income Tax Act, 1961, provides various deductions from Gross Total Income (GTI) to...
Chargeability/Scope/Meaning of Income under the head “Profits and Gains of Business and Profession” under...
When income is clubbed under Sections 60-65 of the Income Tax Act, it is taxed under the same head as...
The Income Tax Act, 1961 provides detailed provisions under Sections 70 to 80 for setting off and carrying...
Under the Explanation to Section 139(9) of the Income Tax Act, 1961, a return is considered defective if...