Section 151A empowers the Central Government to implement a faceless, technology-driven scheme for reassessing...
To give relief to small taxpayers from the tedious job of maintenance of books of account and from getting...
Under Section 10(35A) of the Act, any income received by an investor from a securitisation trust is exempt...
What are the Deemed Profits and how they chargeable to Tax as Business Income
1. Recovery against any...
Under Section 139(3) of the Income Tax Act, 1961, taxpayers can file a Return of Loss to carry forward...
Section 194M of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on certain payments made...
Section 10(23BBD) of the Income Tax Act provides a tax exemption for the income of the ASOSAI-SECRETARIAT—that...
Section 10(23BBE) of the Income Tax Act provides a complete tax exemption for the income of the Insurance...
Under the Income Tax Act, 1961, the right to claim a refund depends on who has paid the excess tax and...
1. Legal Basis
Proviso to Section 206C(3): Requires sellers/collectorsto submit a statement of TCS collected...
Section 10(23BBC) of the Income Tax Act provides a tax exemption for the income of the SAARC Fund for...
While the income from other sources is taxable, there are certain amounts that are not deductible while...
New Section 44BBD:
Section 44BBD, introduced by the Finance Act 2025, is a presumptive taxation scheme...
Section 43CA of the Income Tax Act, 1961 addresses the taxation of undervalued transactions involving business...
The Goods and Services Tax (GST) Act, 2017, has laid down comprehensive guidelines for recovery proceedings...
Section 193 of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest earned from...
Section 196B of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income paid to non-residents or foreign...
National Pension System (NPS) is a retirement benefit Scheme introduced by the Government of India to...
Accommodation provided to the employee may be—
(i) unfurnished
(ii) furnished
Further, such...
Overview of Section 112A
Section 112A of the Income Tax Act, 1961 governs the taxation of long-term capital...