(A) Providing Tax Relief
A.1 Substantial relief is proposed under the new tax regime with new slabs and...
Section 10(10A) of the Income Tax Act in India relates to the tax treatment of payments made in commutation...
Section 242 of the Income Tax Act, 1961, clarifies that a refund claim cannot be used to challenge the...
Section 194G of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on commission or remuneration...
Section 245MA of the Income Tax Act, 1961, introduces a faceless dispute resolution mechanism for small...
If you missed the deadline to claim a tax refund, you may still file a delayed refund claim under specific...
Section 115BBE of the Income Tax Act, 1961 imposes a flat 60% tax rate (plus 25% surcharge and 4% cess,...
Section 73A of the Income Tax Act, 1961, governs the treatment of losses incurred in specified businesses under Section...
Section 74A of the Income Tax Act, 1961, provides specific rules for the treatment of losses incurred...
Section 194-IB of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on rent payments exceeding ₹50,000/month by individuals...
Here’s a detailed explanation of Section 40(a)(ib) of the Income Tax Act, 1961, which deals with...
Section 197A of the Income Tax Act, 1961 provides specific situations where no Tax Deducted at Source...
Here’s a detailed explanation of Section 78(2) regarding carry forward and set-off of losses in...
An approved research association refers to an organization that is primarily engaged in scientific research....
Section 10(23FCA) of the Income Tax Act provides a tax exemption for rental income earned by a Real Estate...
1. Overview
Section 293C of the Income Tax Act, 1961 empowers the Central Government to withdraw approvals...
Circular No. 03/2025 [F. No. 275/107/2024-IT(B)] Dated 20th February, 2025
Government of India
Ministry...
The Budget Speech for 2025-26 by Finance Minister Nirmala Sitharaman, presented in Parliament, outlines...
Section 190 of the Income Tax Act, 1961, governs the provisions related to Tax Deduction at Source (TDS),...
An Association of Persons (AOP), whether incorporated or not, is treated as a `person` under section...