Following goods are being exempted from levy of Social Welfare Surcharge
S. No.
Description
1.
Natural...
Applicable to: All taxpayers (Individuals, HUFs, Companies, etc.)
This section provides tax benefits...
Here’s a detailed explanation of Section 269SS of the Income Tax Act, 1961, which governs the mode of...
The introduction of Section 128A in the Central Goods and Services Tax (CGST) Act, 2017, by the Finance...
In the realm of Goods and Services Tax (GST), the efficient utilization and handling of Input tax credit (ITC)...
Section 10(4D) of the Income Tax Act, 1961 in India provides an exemption for certain income earned by...
Section 264B of the Income Tax Act, 1961, pertains to the faceless effect of orders passed under the...
Section 10(5) of the Income Tax Act allows for certain tax exemptions on travel expenses provided by...
Under Section 251 of the Income Tax Act, 1961, the Commissioner of Income Tax (Appeals) [CIT(A)] has wide-ranging...
A format to compute the capital gain is given below:
Computation of Short-term Capital Gains
Full...
Under Section 139(4C) of the Income Tax Act, 1961, specific categories of non-profit entities must file...
The treatment of vouchers under GST has been a subject of debate due to their unique nature. This article...
1. Basic Concepts
Firm: Partnership firm registered under Partnership Act, 1932
LLP: Limited Liability...
Section 139(5) of the Income Tax Act, 1961, allows taxpayers to correct errors or omissions in their...
This section provides tax exemptions on certain types of interest income earned from specified bonds,...
Notification No. 04/2025 [F. No. 196/1/2023-ITA-I] Dated 3nd January, 2025
MINISTRY OF FINANCE
(Department...
If you missed the deadline to claim a tax refund, you may still file a delayed refund claim under specific...
Section 234C of the Income Tax Act, 1961 imposes interest for deferring advance tax payments beyond the...
We will continue our efforts to simplify taxes, improve tax payer services, provide tax certainty and...
Provident Fund (PF) is a social security scheme in India that provides financial assistance to employees...