Applicability:
Section 234A(1) of the Income Tax Act, 1961, levies interest if an assessee fails to file their...
Section 10(23C) of the Income Tax Act provides tax exemption to certain funds, institutions, universities,...
1. Making changes or Correction in PAN data
Suppose an applicant needs to change or correct a data on...
as per Part “C” of Schedule II of the Companies Act, 2013 after making following assumptions:
The...
S.O. 614(E).-In exercise of the powers conferred by sub-section (2) of section 168 of Finance Act, 2016...
1. Investment in Sukanya Samriddhi Yojana for Tax Saving for AY 2022-23 & 2023-24
Sukanya Samriddhi...
Section 10(14) provides exemptions for certain special allowances granted to employees for specific purposes....
1. Gratuity
Gratuity is a payment made by the employer to an employee in appreciation of the past services...
Revocation of Cancellation of Registration under GST is a process that allows a taxpayer to restore their...
The taxation of dividends in India has undergone significant changes over the years. This article aims...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
******
New...
Applicable to: All taxpayers (Individuals, HUFs, Firms, etc.)
This section provides 100% deduction for...
Applicable to: Individuals, HUFs, Firms, AOPs, BOIs, and others (except companies)
This section provides...
Here’s a detailed breakdown of Section 270A of the Income Tax Act, 1961, which imposes penalties for under-reporting and misreporting of...
Section 71B of the Income Tax Act, 1961, governs the carry forward and set-off of losses from house property,...
Section 10(23FE) of the Income Tax Act provides an exemption in respect of certain income of wholly owned...
The introduction of Section 128A in the Central Goods and Services Tax (CGST) Act, 2017, by the Finance...
Income arising to a shareholder on account of Buy Back of Shares is governed by Section 10(34A) of the...
Section 10(4) of the Income Tax Act, 1961 in India provides an exemption for certain types of interest...
The provisions of Finance (No. 2) Bill, 2024 (hereafter referred to as “the Bill”), relating...