Section 80DD of the Income Tax Act in India provides a deduction for individuals or Hindu Undivided Families...
Section 80JJAA of the Indian Income Tax Act, 1961 provides a valuable deduction for employers who create...
Section 194LBB of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on income distributed...
Section 132B governs how assets seized under Section 132 or requisitioned under Section 132A are to be utilized,...
1. Definition of “Person” under Section 2(31)
Section 2(31) of the Income Tax Act, 1961...
What is PAN?
Permanent Account Number (PAN) is a unique ten-digit alphanumeric identifier issued by...
Ministry of Finance
HIGHLIGHTS OF UNION BUDGET 2025-26
Posted On: 01 FEB 2025 1:29PM by PIB Delhi
PART...
A scrutiny (regular) assessment under Section 143(3) is a comprehensive evaluation of a taxpayer’s return...
Section 10(13) of the Income Tax Act, 1961 provides tax exemptions on payments received from an approved...
Applicable to: All taxpayers (Individuals, HUFs, Companies, etc.)
This section provides tax benefits...
Amendment of Section 2 [Total Income” for the purpose of Taxation]
3. In section 2 of the Income-tax...
Under Section 54G, the Exemption is available to all categories of assessees in respect of Capital Gain...
Section 194Q of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made by buyers to resident...
The following Essential & Basic Rules have to be kept in mind while calculating Deductions under...
Here’s a detailed table summarizing the tax treatment of Provident Fund (PF) contributions, interest,...
Under the Income Tax Act, 1961, individuals and Hindu Undivided Families (HUFs) can claim exemptions...
Circular No. 01/2025 [F. No. 500/05/2020/FT&TR-II] Dated 21st January, 2025
Government of India
Ministry...
Section 139(1) of the Income Tax Act, 1961, lays down the rules for who must file an Income Tax Return...
Under Section 253 of the Income Tax Act, 1961, appeals can be filed before the Income Tax Appellate Tribunal...
Section 192 mandates employers to deduct Tax Deducted at Source (TDS) from employees’ salaries...