Section 10(12A) of the Income Tax Act, 1961 provides that any amount received by an individual from the...
Section 10(6) of the Income Tax Act, 1961 provides tax exemptions for certain types of remuneration received...
Section 67 of the Central Goods and Services Tax (CGST) Act, 2017 deals with the inspection, search,...
1. Overview
Section 115BBD provided a concessional tax rate of 15% (plus surcharge and cess) on dividends...
Section 54EC of the Income Tax Act, 1961, provides tax exemption on long-term capital gains (LTCG) from...
Section 10(23BB) of the Income Tax Act provides a tax exemption for the income of a Khadi and Village...
Understanding of Capital Gain
When it comes to the transfer of shares or debentures by non-residents,...
Zero-coupon bonds, also known as deep discount bonds, are fixed-income securities that do not pay periodic...
Applicable to: Manufacturing, SMEs, and select service providers
This section provides partial to full...
Overview of STCG under Section 111A
Short-term capital gains (STCG) arising from the transfer of equity...
Under Section 23(5) of the Income Tax Act, 1961, a key exemption applies to real estate developers and...
Section 196D of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income earned by Foreign...
Section 192 mandates employers to deduct Tax Deducted at Source (TDS) from employees’ salaries...
Section 30 to 35 covers the following expenses Allowed as Deduction while computing Profits and Gains...
Section 10(23BBC) of the Income Tax Act provides a tax exemption for the income of the SAARC Fund for...
To legally establish and operate a Charitable & Religious Trust in India, the following registrations are...
Section 132B governs how assets seized under Section 132 or requisitioned under Section 132A are to be utilized,...
Assessment of Charitable Organizations When Commercial Receipts Exceed 20% Threshold [Section 13(8)]
1. Key Provision (Section 13(8))
Introduced by Finance Act 2022(Effective AY 2023-24)
Applies whena...
Under the Income Tax Act, 1961, rent-free or concessional accommodation provided by an employer is a taxable...
Section 10(25) of the Income Tax Act provides tax exemptions for income earned by various retirement-related...