1. Introduction of Block Assessment Provisions in cases of Search under Section 132 and Requisition under...
Under the Goods and Services Tax (GST) regime in India, healthcare services and hospital room rent are...
A survey under Section 133A of the Income Tax Act, 1961 is a legal procedure allowing income-tax authorities...
The Central Board of Indirect Taxes and Customs (CBIC) has released Notification No. 12/2024–Central...
Overview of Section 112A
Section 112A of the Income Tax Act, 1961 governs the taxation of long-term capital...
Tax Audit Forms
The Incomes prescribed two types of forms for tax audit:
Audit Report:
The audit report...
Overview
Section 157A of the Income Tax Act, 1961, was introduced to empower the Central Government to...
Charitable and religious trusts or institutions registered under the Income Tax Act, 1961, are generally...
Section 10(19) of the Income Tax Act provides an exemption for the family pension received by the family...
Section 194-I of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on rent payments exceeding...
Section 194LC of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest payments...
Here’s a detailed overview of Return of Income and Procedure of Assessment (Sections 139 to 154) under...
I start with GST. It has decreased tax incidence on the common man; reduced compliance burden and logistics...
Section 244A governs the payment of interest on income tax refunds to assessees. Below is a detailed...
CBDT issues clarification in respect of Income-tax clearance certificate (ITCC)-Press Release by PIB
Ministry of Finance
CBDT issues clarification in respect of Income-tax clearance certificate (ITCC)
It...
Interest incomes which are exempt under section 10(15) could be explained with the help of the following...
Section 194-IC of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on monetary payments...
Section 195A of the Income Tax Act, 1961, governs scenarios where the payer agrees to bear the tax liability on...
Section 10(25) of the Income Tax Act provides tax exemptions for income earned by various retirement-related...
Section 157 deals with the communication of losses determined by the Assessing Officer (AO) to taxpayers....