Income arising to a Shareholder on account of Buy Back of Shares [Section 10(34A)]
Income arising to a shareholder on account of Buy Back of Shares is governed by Section 10(34A) of the...
[Section 248]: Appeal by Person Denying Liability to Deduct Tax
Under Section 248 of the Income Tax Act, 1961, a person who denies liability to deduct tax at source...
Changes Brought About in Capital Gains in the Finance (No.2) Bill, 2024
The Finance (No. 2) Bill, 2024, has introduced several significant amendments to the capital gains tax...
Income-Tax Deduction from Salaries During the Financial Year 2024-25 Under Section 192 of the Income-Tax Act, 1961
Circular No. 03/2025 [F. No. 275/107/2024-IT(B)] Dated 20th February, 2025 Government of India Ministry...
Assessment of Hindu Undivided Family (HUF) under Income Tax Act, 1961
1. Basic Concept of HUF An HUF (Hindu Undivided Family) is a separate legal entity for tax purposes,...
Allowances Exempt for Certain Categories of Persons for Calculating Salary Income
Certain professionals and government employees receive special allowances that are fully or partially...
Section 10(8)- Exemption for Income under any Co-Operative Technical Assistance Programme and Projects
Understanding Section 10(8) Section 10(8) provides tax exemption for income received by: Foreign technicians/experts Employees...
Mandating Acceptance of Payments Through Prescribed Electronic Modes [Section 269SU, 271DB]
Here’s a detailed analysis of Sections 269SU and 271DB of the Income Tax Act, 1961, which mandate businesses...
Carry Forward and Set Off of Losses under Income Tax Act
1. Introduction to Loss Carry Forward When losses cannot be fully adjusted in the same financial year,...
GST on Health Care Services, Hospital Room Rent & Other Hospital Services
Under the Goods and Services Tax (GST) regime in India, healthcare services and hospital room rent are...
Verification of Return of Income After Uploading for A.Y. 2025-26.
The Central Board of Direct Taxes (CBDT) has issued Notification No. 2 of 2024, which addresses the time...
Section 132: Search And Seizure Under Income Tax Act, 1961.
The authority vested in officers for search and seizure is a crucial aspect of upholding tax laws and...
Set Off and Carry Forward of Losses in Specified Businesses [Section 73A]
Section 73A of the Income Tax Act, 1961, governs the treatment of losses incurred in specified businesses under Section...
Amendments relating to Deduction and Collection of Tax at Source by the Finance Bill 2022
1.  Rationalization of provisions of TDS on sale of immovable property [Section 194-IA amended w.e.f....
Section 10(8A)- Exemption for Remuneration from International Organizations
Understanding Section 10(8A) Section 10(8A) provides full tax exemption on remuneration received by: Non-Indian...
Speech of Nirmala Sitharaman, Minister of Finance, July 23, 2024. (Budget 2024-2025)
Introduction The people of India have reposed their faith in the government led by the Hon’ble Prime...
Section 55(2) - Cost of Acquisition of Capital Asset for Computing Capital Gain
Section 55(2) of the Income Tax Act, 1961, provides crucial rules for determining the cost of acquisition of...
Deemed Profits Chargeable to Tax
“Deemed profits” are amounts that aren’t traditional business income, but are still taxed as business...
Estimated Income Method - for Computing Business Income in Certain Cases
Special Provisions for computing Business income in certain cases on the basis of Estimated Income Method...
Special Provisions for Avoiding Repetitive Appeals by Revenue [Section 158AA]
Section 158AA of the Income Tax Act, 1961 (inserted via Finance Act, 2015) provides a mechanism to prevent...
1 2 3 46
Scroll to Top