The Income Tax Bill 2025 will come into effect from April 1, 2026, after it is vetted by a Select Committee...
The National Savings Certificate (NSC) is a fixed Income Investment scheme that you can open with any...
Accommodation provided to the employee may be—
(i) unfurnished
(ii) furnished
Further, such...
Here’s a detailed breakdown of Penalty under Section 271DA of the Income Tax Act, 1961, for failure to...
Circular No. 03/2025 [F. No. 275/107/2024-IT(B)] Dated 20th February, 2025
Government of India
Ministry...
Section 44AD provides a presumptive taxation scheme for small businesses, allowing them to declare income...
Section 201(1A) of the Income Tax Act, 1961, imposes interest on a deductor (employer, company, etc.)...
Section 234A(4) of the Income Tax Act, 1961, deals with the adjustment of interest when there is a subsequent revision,...
Here’s a detailed explanation of the Procedure for Imposing Penalty under Section 274 of the Income Tax...
(1) Introduction to Section-72
Section 72, which deals with the carry forward and set off of business...
Section 151A empowers the Central Government to implement a faceless, technology-driven scheme for reassessing...
Here’s a detailed breakdown of Section 271AAD of the Income Tax Act, 1961, which imposes penalties for...
An individual may either be a:
(a) Resident in India; or
(b) Deemed to be Resident In India...
Confused About Blocked ITC Credits under GST Section 17(5) ? Learn The 6 Major Categories, Real Controversies,...
The Income Tax Bill 2025 will come into effect from April 1, 2026, after it is vetted by a Select Committee...
Allowances form a significant part of salary income and are classified into three categories for tax...
Section 234E of the Income Tax Act, 1961, imposes a late filing fee for delays in submitting TDS (Tax...
Section 190 of the Income Tax Act, 1961, governs the provisions related to Tax Deduction at Source (TDS),...
Here’s a detailed explanation of Section 206CB: Processing of Statements of Tax Collected at Source...
Applicable to: *Farmer Producer Companies (FPCs) registered under Companies Act, 1956/2013*
This section...