1. Perquisites [(Section 17(2)]- Income under the head Salaries
Section 17(2) of the Income-tax Act,...
Pension is a periodic payment made to an employee after retirement. Under Section 17(1)(ii) of the Income...
Provident Fund (PF) is a social security scheme in India that provides financial assistance to employees...
Under Section 10(18) of the Income Tax Act, certain awardees and their family members are eligible for...
Amendment of Section 2 [Total Income” for the purpose of Taxation]
3. In section 2 of the Income-tax...
1. Section 80-IAC: Deduction in respect of Eligible Business or Eligible Start Up
Understanding of Section...
Here’s a detailed explanation of Penalty under Section 271AAC of the Income Tax Act, 1961, which applies...
Section 194E of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made to non-resident...
Explanation (iv) to Section 48 of the Income Tax Act, 1961, governs the indexation of improvement costs for...
The provisions, which are being discussed under various sub-sections of section 40A have overriding effect ...
The tax treatment of interest, premium, or bonus on specified investments is governed by Section 10(15)...
1. Overview
Introduced: Finance Act, 2004.
Objective: Ensure tax compliance on income from leases/licenses...
Section 234D of the Income Tax Act, 1961, mandates that taxpayers repay excess refunds received during...
Under Section 139(4B) of the Income Tax Act, 1961, political parties in India are mandatorily required to...
Under Section 10(35A) of the Act, any income received by an investor from a securitisation trust is exempt...
Section 10(44) of the Income Tax Act, 1961 provides for exemption from income tax in India in respect...
Section 281B of the Income Tax Act, 1961, deals with the Provisional Attachment of Property to Protect...
Section 10(11) of the Income Tax Act provides tax exemption on withdrawals from a Statutory Provident...
Interest incomes which are exempt under section 10(15) could be explained with the help of the following...
1. Overview
Applicability: Mandates sellersto collect Tax at Source (TCS) on receipt of sale consideration from...