Section 54H of the Income Tax Act, 1961, provides an extension of the reinvestment period for claiming...
Section 10(23BB) of the Income Tax Act provides a tax exemption for the income of a Khadi and Village...
1. Purpose of Section 115JAA
Allows companies to claim creditfor excess MAT paid (when MAT > normal...
Section 241A allows the Income Tax Department to withhold refunds in certain cases, even if a taxpayer...
Under the Goods and Services Tax (GST) regime in India, healthcare services and hospital room rent are...
Section 80JJAA of the Indian Income Tax Act, 1961 provides a valuable deduction for employers who create...
The treatment of vouchers under GST has been a subject of debate due to their unique nature. This article...
S.O. 614(E).-In exercise of the powers conferred by sub-section (2) of section 168 of Finance Act, 2016...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New...
Section 158A of the Income Tax Act, 1961, read with Rule 16 of the Income Tax Rules, 1962, provides a...
Section 132 of the Income Tax Act, 1961, empowers the Income Tax Department to conduct search and seizure...
The Faceless Appeal Scheme, 2021, introduced via Notification No. 139/2021 dated 28th December 2021,...
Section 195 of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made to non-residents...
Section 10(23DA) of the Income Tax Act provides a tax exemption for income earned by a securitisation...
Section 10(4G) of the Income Tax Act, 1961 in India provides an exemption for certain income earned by...
Section 16 allows three key deductions from gross salary income before computing taxable salary. These...
Section 234H of the Income Tax Act, 1961 imposes a fee for failure to intimate/link one’s Aadhaar...
Ministry of Finance
HIGHLIGHTS OF THE UNION BUDGET 2024-25
Posted On: 23 JUL 2024 1:17PM by PIB Delhi
The...
Section 80GG of the Income Tax Act allows individuals to claim deductions for the rent paid when they...
Section 10(12A) of the Income Tax Act, 1961 provides important tax benefits for withdrawals from the...