1. Investment in Sukanya Samriddhi Yojana for Tax Saving for AY 2022-23 & 2023-24
Sukanya Samriddhi...
Where any person receives at any time during any previous year any money or other assets under an insurance...
House Rent Allowance (HRA) is a common component of most employees’ salary packages. It is provided...
Section 195A of the Income Tax Act, 1961, governs scenarios where the payer agrees to bear the tax liability on...
Section 9 of the Income Tax Act, 1961, is a critical provision that determines when income is considered...
Section 211 of the Income Tax Act, 1961, mandates the payment of advance tax in four instalments during...
Section 234H of the Income Tax Act, 1961 imposes a fee for failure to intimate/link one’s Aadhaar...
Under the Income Tax Act, 1961, Sections 115QA to 115QC impose a tax on distributed income when a domestic...
Section 10(10CC) provides a unique tax benefit where certain perquisites paid by employers are exempt...
The treatment of business income for a charitable or religious trust under the Income Tax Act, 1961 is...
Section 15 of the Income Tax Act, 1961 defines what constitutes taxable salary income and specifies the...
Overview of Section 112
Section 112 of the Income Tax Act, 1961 governs the taxation of long-term capital...
Section 70 of the Income Tax Act, 1961, allows taxpayers to adjust losses from one source against income...
1. Introduction of Block Assessment Provisions in cases of Search under Section 132 and Requisition under...
Section 10(12B) of the Income Tax Act, 1961 provides tax exemptions on partial withdrawals from the National...
Here’s a detailed explanation of tax relief under Section 89(1) read with Rule 21A of the Income Tax...
1. Definition of ‘Transfer’ [Section 2(47)]
A transfer includes:
Sale, exchange, or relinquishment
Compulsory...
A. Changes in Basic Customs Duty (to be effective from 24.07.2024)
S. No.
Chapter, Heading, sub-...
Learn How Total Income Under Income Tax Act Is Calculated For The 1961 Law. Discover The 5 Heads Of Income,...
Long-term capital gain arising on the transfer of any capital asset being land or building or both is...