Section 10(10AA) of the Income Tax Act, 1961 provides important tax exemptions for leave encashment (also...
Section 10(6) of the Income Tax Act, 1961 provides tax exemptions for certain types of remuneration received...
Section 10(10A) of the Income Tax Act in India relates to the tax treatment of payments made in commutation...
Employee Stock Option Plan (ESOP) has gained popularity as a tool for employee retention, especially...
(1) Introduction to Section-72
Section 72, which deals with the carry forward and set off of business...
Discover The New TCS Rules April 2025. Learn About Higher LRS Thresholds, Education Loan Exemptions,...
Section 69D targets hundi transactions (an informal financial instrument) conducted without banking channels,...
Annual Value is the taxable value assigned to a property for calculating “Income from House Property”....
Section 64 of the Income Tax Act, 1961, mandates the clubbing of certain incomes earned by family members...
A. Legislative Changes in Customs Laws
A.1 Amendments in the Customs Act, 1962
(i) Section 28 DA is being...
Circular No. 01/2025 [F. No. 500/05/2020/FT&TR-II] Dated 21st January, 2025
Government of India
Ministry...
Section 54GB of the Income Tax Act, 1961 in India provides for the exemption of long-term capital gains...
Death-cum-Retirement Gratuity is an important financial benefit provided to employees in India. It is...
Applicable to: Individuals
This section allows a deduction for contributions made to approved pension...
Section 142A of the Income Tax Act, 1961 empowers the Assessing Officer (AO) to refer matters of asset...
Trade unions play a crucial role in protecting the rights and interests of workers. They negotiate with...
Section 242 of the Income Tax Act, 1961, clarifies that a refund claim cannot be used to challenge the...
Here’s a structured breakdown of the types, definitions, and residential status of companies under the Income...
Section 73 of the Income Tax Act, 1961, governs the treatment of speculation business losses, imposing...
Section 10(23AA) of the Income Tax Act provides an exemption for income received by any person on behalf...