Under Section 54G, the Exemption is available to all categories of assessees in respect of Capital Gain...
Section 220(2) of the Income Tax Act, 1961, imposes interest @ 1% per month on unpaid tax demands if...
Insertion of new section 8A.
153. In the Goods and Services Tax (Compensation to States) Act, 2017 (15...
Goods and Services Tax (GST) in India is a comprehensive, multi-stage, destination-based tax that is...
Under Section 17(2) of the Income Tax Act, 1961, certain perquisites are taxable only for “specified...
Section 69D targets hundi transactions (an informal financial instrument) conducted without banking channels,...
To legally establish and operate a Charitable & Religious Trust in India, the following registrations are...
Section 10(22B) of the Income Tax Act, 1961, exempts the income of a specified news agency from tax....
Here’s a detailed explanation of Section 170 (Interest on Delayed Payment of Equalisation Levy) under...
1. Perquisites [(Section 17(2)]-Definition
Section 17(2) of the Income-tax Act, 1961 gives an inclusive...
Section 55(2) of the Income Tax Act, 1961, provides crucial rules for determining the cost of acquisition of...
Under Section 139C of the Income Tax Act, 1961, the Central Board of Direct Taxes (CBDT) has the authority...
Section 144B introduces a technology-driven, faceless assessment scheme to eliminate human interface,...
Section 132A empowers the Income Tax Department to requisition (take custody of) books of account, documents,...
Under the Income Tax Act, 1961, certain expenses are expressly disallowed while computing taxable income...
Section 10(10C) of the Income Tax Act provides an exemption to employees who receive a certain amount...
[Section 46A] : Capital Gains on Purchase by Company of its Own Shares or Other Specified Securities
(1) Capital gains tax is an important aspect of the Indian Income Tax Act, 1961. Section 46A of...
1. Overview
Introduced: Finance Act 2021 (effective from 1st July 2021).
Purpose: Imposes higher Tax...
Purpose:
This section provides a tax exemption on payments made by an Indian company to a foreign entity...
The Income Tax Law in India is a complex and ever-changing set of regulations that govern the taxation...