Section 10(23BBG) of the Income Tax Act provides a full tax exemption for the income of the Central Electricity...
Introduction-
The CBIC vide Notification No. 04/2024 – Central Tax dated January 05, 2024, notified the...
Notification No. 04/2025 [F. No. 196/1/2023-ITA-I] Dated 3nd January, 2025
MINISTRY OF FINANCE
(Department...
Section 10(4E) of the Income Tax Act, 1961 in India provides an exemption for income earned by a non-resident...
Introduced by the Finance Act, 2023, these provisions impose a “Ceasing Tax” on charitable/religious...
Here’s a detailed analysis of Section 278AB of the Income Tax Act, 1961, which empowers the Principal...
Section 40A of the Income Tax Act, 1961 specifies certain expenses or payments that cannot be deducted while...
Section 115BAB of the Income Tax Act, 1961 provides a concessional tax rate of 15% (plus surcharge &...
Section 10(23B) of the Income Tax Act provides a tax exemption for income earned by certain institutions...
1. Gratuity
Gratuity is a payment made by the employer to an employee in appreciation of the past services...
1. When Does This Apply?
When the taxpayer calculates their own advance tax liability(not based on the...
Section 10(10D) of the Income Tax Act deals with the tax treatment of the sum assured received from a...
The Post Office has been a trusted place for depositing and transacting with money. This is especially...
A. Legislative Changes in Customs Laws
A.1 Amendments in the Customs Act, 1962
(i) Section 28 DA is being...
1. Overview
Section 293C of the Income Tax Act, 1961 empowers the Central Government to withdraw approvals...
Under Explanation 1(iii) to Section 115JB(2), companies can deduct the lower of:
Brought forward losses(as...
Section 115F of the Income Tax Act, 1961, provides a tax exemption to Non-Resident Indians (NRIs) on long-term...
Section 10(23C) of the Income Tax Act provides tax exemption to certain funds, institutions, universities,...
1. Investment in Sukanya Samriddhi Yojana for Tax Saving for AY 2022-23 & 2023-24
Sukanya Samriddhi...
Gratuity is a significant part of an employee’s remuneration package. It is a payment made by an employer...