Under the Explanation to section 288(2), an “accountant” means a chartered accountant within...
Understanding Section 10(8)
Section 10(8) provides tax exemption for income received by:
Foreign technicians/experts
Employees...
Discover The New TCS Rules April 2025. Learn About Higher LRS Thresholds, Education Loan Exemptions,...
The tax treatment of interest, premium, or bonus on specified investments is governed by Section 10(15)...
Section 9, Income Accrue or Deemed to Accrue or Arise in India :
Section 9 describes the Incomes which...
An Electoral Trust is a unique entity that plays a crucial role in the political funding of political...
1. Legal Basis
Section 206C(3): Mandates deposit of Tax Collected at Source (TCS)to the Central Government...
Section 194BB of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on winnings from horse...
In the era of GST, the removal of check posts nationwide aimed to streamline the movement of goods within...
HRA (House Rent Allowance) is a salary component that helps employees cover rental expenses. Under Section...
Section 10(20) of the Income Tax Act, 1961 provides exemption from income tax for the income of a local...
Here we discuss all the Provisions towards Computation of Capital Gain in certain Special Cases and the...
Section 38 of the Income Tax Act, 1961 governs deductions for depreciation and other expenses related...
Section 10(23BBC) of the Income Tax Act provides a tax exemption for the income of the SAARC Fund for...
Arrears of salary refer to payments received by an employee for work done in previous financial years...
Section 168 of the Finance Act, 2016 (Chapter VIII) governs the processing of statements furnished under...
Section 10(30) of the Income Tax Act provides a tax exemption for subsidies received by tea growers and...
Under the Goods and Services Tax (GST) regime, Goods Transport Agency (GTA) and EWAY BILL are critical...
Applicability:
Section 234A(1) of the Income Tax Act, 1961, levies interest if an assessee fails to file their...
The Equalisation Levy in India, governed by Chapter VIII of the Finance Act, 2016, imposes a tax on certain...