Here’s a detailed analysis of Section 275 of the Income Tax Act, 1961, which governs the time limits...
Under the Employees’ Provident Fund (EPF) scheme, employers are required to contribute to a Recognised...
The Goods and Services Tax framework has undergone significant transformations since its implementation...
Interest income is one of the common sources of income for individuals and businesses alike. When it...
Section 10(2) of the Income Tax Act, 1961, provides a tax exemption for sums received by a member of...
Section 73A of the Income Tax Act, 1961, governs the treatment of losses incurred in specified businesses under Section...
Purpose:
This section provides a full tax exemption on income earned by approved news agencies that operate...
Section 10(23BBG) of the Income Tax Act provides a full tax exemption for the income of the Central Electricity...
Provisions and Amendments Relating to Direct Tax Vivad se Vishwas Scheme, 2024
The Income-tax Act, 1961...
The Income Tax Act, 1961, provides specific cases where TDS is not required to be deducted, even if the...
Section 10(4F) specifically applies to income earned by a non-resident from a unit of an International...
The Income Tax Appellate Tribunal (ITAT) is the final fact-finding authority under the Income Tax Act,...
Section 144B introduces a technology-driven, faceless assessment scheme to eliminate human interface,...
Here’s a detailed breakdown of Section 271AAD of the Income Tax Act, 1961, which imposes penalties for...
Understanding Section 10(8B)
Section 10(8B) provides tax exemption for income received by:
Foreign employees
Foreign...
A. Legislative Changes in Customs Laws
A.1 Amendments in the Customs Act, 1962
(i) Section 28 DA is being...
Order No. [F. No. 225/235/2024/ITA-II] Dated 31st January, 2025
MINISTRY OF FINANCE
(Department of Revenue)
Order...
Every person shall quote his permanent account number in all documents pertaining to the transactions...
Under the Income Tax Act, 1961, and the Constitution of India, an appeal can be filed before the Supreme...
Section 54D of the Income Tax Act, 1961, provides tax exemption on capital gains arising from the compulsory...