Retrenchment compensation is the amount paid to a workman (employee) at the time of termination of employment...
With the increasing concerns about climate change and the need to reduce pollution, there has been a...
We will continue our efforts to simplify taxes, improve tax payer services, provide tax certainty and...
Section 115JB(2) mandates that the Statement of Profit & Loss (P&L) for MAT computation must...
Section 219 of the Income Tax Act, 1961 governs how advance tax payments are credited against a taxpayer’s...
Section 285BB of the Income Tax Act, 1961, mandates the Income Tax Department to provide taxpayers with...
Rule 12 of the Income Tax Rules, 1962, prescribes the forms, conditions, and procedures for filing income...
Section 22 of the Income Tax Act, 1961, defines when and how income from house property becomes taxable.
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Section 10(50) of the Income Tax Act, 1961 provides for exemption from income tax in the hands of a non-resident...
INTRODUCTION:
Form 15CA and Form 15CB are essential documents under the Income Tax Act, 1961, for foreign...
Under the Indian Income Tax Act, 1961, the taxability of income from letting out of machinery, plant,...
Section 10(46) of the Income Tax Act, 1961 provides for exemption from income tax of the specified income...
When a property is partly self-occupied (SOP) and partly let out (LOP), the Income Tax Act treats it...
Section 10(19) of the Income Tax Act provides an exemption for the family pension received by the family...
Chargeability/Scope/Meaning of Income under the head “Profits and Gains of Business and Profession” under...
Section 10(23EA) of the Income Tax Act provides a tax exemption for income received by an Investor Protection...
Section 36 of the Income Tax Act, 1961 lists specific deductions allowed against business income, in...
Section 194LC of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest payments...
Income tax laws can be complex and confusing, especially when it comes to understanding the various exemptions...
Section 192 mandates employers to deduct Tax Deducted at Source (TDS) from employees’ salaries...