Tax on distributed income of domestic company for buy-back of shares
Special provisions relating to tax...
List of all Other Deductions which are specified under section 36 of the Indian Income Tax Act,1961,...
1. Overview
Section 115BBD provided a concessional tax rate of 15% (plus surcharge and cess) on dividends...
[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...
Section 54H of the Income Tax Act, 1961, provides an extension of the reinvestment period for claiming...
Section 143(3) deals with the scrutiny assessment process in Indian income tax law. This assessment is...
Revocation of Cancellation of Registration under GST is a process that allows a taxpayer to restore their...
Chapter XIV-B (Sections 158BA, 158BB, 158BE):
Replaces “total income” assessment with “undisclosed...
Section 201(1A) of the Income Tax Act, 1961, imposes interest on a deductor (employer, company, etc.)...
Under Section 10(17A) of the Income Tax Act, any award or reward received by an individual in recognition...
Here’s a detailed explanation of Section 173 (Penalty Not to Be Imposed in Certain Cases) under the Equalisation...
Under Section 10(18) of the Income Tax Act, certain awardees and their family members are eligible for...
Understanding Section 10(10A)
Section 10(10A) provides tax exemption for commuted pension amounts received...
A. Basic Conditions for Section 11 (Income from Property Held for Charitable/Religious Purposes)
Registration...
Here’s a detailed explanation of Section 78(2) regarding carry forward and set-off of losses in...
1. What is equalization levy (EL)?
This is a tax leviable on consideration received or receivable by...
Being a Member of Parliament (MP) or a Member of Legislative Assembly (MLA) is a position of great responsibility....
1. Litigation management when in an appeal by revenue an identical question of law is pending before...
Section 10(12B) of the Income Tax Act, 1961 provides tax exemption to partial withdrawals from the National...
Section 38 of the Income Tax Act, 1961 governs deductions for depreciation and other expenses related...