Section 80QQB of the Income Tax Act provides a deduction in respect of royalty income earned by authors....
Section 56(2)(viib) of the Income Tax Act, 1961, is a provision that pertains to closely-held companies...
Section 264A of the Income Tax Act, 1961, introduced by the Taxation Laws (Relaxation and Amendment)...
Section 72A of the Income Tax Act, 1961, provides exceptional relief for companies undergoing restructuring...
Section 10(46) of the Income Tax Act, 1961 provides for exemption from income tax of the specified income...
Under Section 251 of the Income Tax Act, 1961, the Commissioner of Income Tax (Appeals) [CIT(A)] has wide-ranging...
Ministry of Finance
HIGHLIGHTS OF THE UNION BUDGET 2024-25
Posted On: 23 JUL 2024 1:17PM by PIB Delhi
The...
INTRODUCTION-
In the realm of Goods and Services Tax (GST), credit and Debit notes play a pivotal role...
Section 151A empowers the Central Government to implement a faceless, technology-driven scheme for reassessing...
Here’s a detailed explanation of Penalty under Section 271AAB(1A) of the Income Tax Act, 1961, applicable...
Here’s a detailed table summarizing the tax treatment of Provident Fund (PF) contributions, interest,...
Where any person receives at any time during any previous year any money or other assets under an insurance...
The Income Tax Act, 1961, allows for the waiver or reduction of interest in certain cases, primarily...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New...
The taxpayer has to communicate the details of his taxable income/loss to the Income tax Department.
These...
Ministry of Finance
GOVERNMENT MAKES NEW TAX REGIME MORE ATTRACTIVE
STANDARD REDUCTION INCREASED FROM...
(1) In the world of business and taxation, there are various provisions and regulations that govern...
Section 194-O of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made by e-commerce...
The introduction of Section 128A in the Central Goods and Services Tax (CGST) Act, 2017, by the Finance...
Section 80GG of the Income Tax Act allows individuals to claim deductions for the rent paid when they...