Section 10(22B)- Tax Exemption for News Agencies
Purpose: This section provides a full tax exemption on income earned by approved news agencies that operate...
Estimated Income Method - for Computing Business Income in Certain Cases
Special Provisions for computing Business income in certain cases on the basis of Estimated Income Method...
Section 10(23FC)- Tax Exemption for Specific Types of income earned by a Business Trust
Section 10(23FC) of the Income Tax Act provides a tax exemption for specific types of income earned by...
Deemed Cost of Acquisition of Capital Asset for Computing Capital Gain
Section 55(2) – Cost of Acquisition of Capital Asset for Computing Capital Gain Cost of acquisition...
Section 10(25A)- Tax Exemption for any income of the Employees' State Insurance Fund (ESI Fund)
Section 10(25A) of the Income Tax Act provides a complete tax exemption for any income of the Employees’...
[Section 269SS]: Mode of Taking or Accepting Certain Loans, Deposits and Specified Sum
Here’s a detailed explanation of Section 269SS of the Income Tax Act, 1961, which governs the mode of...
Perquisites [(Section 17(2)]- Income under the head Salaries
Perquisites under Section 17(2) of the Income Tax Act, 1961, are additional benefits or amenities provided...
Undisclosed Investments (Undervalued Assets) Under Section 69B
1. Key Features of Section 69B Objective: Targets underreported investmentswhere actual expenditure...
Section 10(6C)- Exemption for Foreign Companies on Royalty/FTS Income
Overview of Section 10(6C) Section 10(6C) provides a tax exemption to foreign companies on income received...
[Section 234A (1)]: Interest for Default in Furnishing Return of Income
Applicability: Section 234A(1) of the Income Tax Act, 1961, levies interest if an assessee fails to file their...
Perquisites- Taxability of Rent-Free or Concessional Accommodation Provided by Employer (Section 17(2))
Under the Income Tax Act, 1961, rent-free or concessional accommodation provided by an employer is a taxable...
Equalisation Levy (EL) Act, 2016
It was introduced under chapter VIII of Finance Act, 2016. This chapter came in to force from 1st June,...
Income Tax and the Hindu Undivided Family (HUF) for the A.Y. 2025-26.
A Hindu Undivided Family (HUF) is a unique entity recognized by the Indian tax system. It is a family...
Taxability of Income of Charitable / Religious Trusts Under Section 164(2)
Section 164(2) of the Income Tax Act, 1961, deals with the taxation of discretionary trusts, including charitable...
Section 191: Direct Payment by the Assessee in Certain Cases
Section 191 provides for situations where tax is not deducted at source (TDS) as required under other...
(Section 157A)-Faceless Rectification, Amendments and Issuance of Notice or Intimation
Overview Section 157A of the Income Tax Act, 1961, was introduced to empower the Central Government to...
[Section 194M]: TDS on Payments by Individuals/HUFs for Specified Expenses
Section 194M of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on certain payments made...
Section 10(6A)- Exemption for Foreign Companies on Royalty & Technical Service Fees
Section 10(6A) of the Income Tax Act, 1961, provides a tax exemption to foreign companies on income earned...
Allowance- Meaning, Types and Treatment for Calculating Taxable Salary Income
1.  Allowances- Income under the head Salaries Allowance is a fixed monetary amount paid by the employer...
FAQs issued by CBDT on the new Capital Gains Tax Regime proposed in the Union Budget 2024-25 - (Press Release by PIB)
Ministry of Finance FAQs issued by CBDT on the new Capital Gains Tax Regime proposed in the Union Budget...
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