Trade unions play a crucial role in protecting the rights and interests of workers. They negotiate with...
Note:
(a) “Basic Customs Duty (BCD)” means the customs duty levied under the Customs Act, 1962.
(b)...
Section 115BAA of the Income Tax Act, 1961 provides a concessional tax rate of 22% (plus surcharge &...
Section 10(6D) provides a tax exemption to non-residents (other than foreign companies) on income received...
1. Key Features of Section 69C
Objective: Targets unexplained expenseswhere the assessee cannot prove...
1. Who is Exempt?
Resident Individuals aged 60 years or above(Senior Citizens).
Condition: Must not...
Revocation of Cancellation of Registration under GST is a process that allows a taxpayer to restore their...
Section 219 of the Income Tax Act, 1961 governs how advance tax payments are credited against a taxpayer’s...
Section 250 of the Income Tax Act, 1961 governs the procedure followed by the Commissioner of Income...
Ministry of Finance
HIGHLIGHTS OF UNION BUDGET 2025-26
Posted On: 01 FEB 2025 1:29PM by PIB Delhi
PART...
Section 164(2) of the Income Tax Act, 1961, deals with the taxation of discretionary trusts, including charitable...
The Inverted Duty Structure (IDS) under the Goods and Services Tax (GST) regime is a situation where...
Section 194P of the Income Tax Act, 1961, provides a TDS exemption for senior citizens (aged 75+) with...
Section 56(1) serves as the residual head of income, capturing all taxable income that does not fall...
Applicable to: Banks/Financial Institutions operating in IFSCs (e.g., GIFT City)
This section provides 100%...
(A) Providing Tax Relief
A.1 Substantial relief is proposed under the new tax regime with new slabs and...
Here’s a detailed breakdown of Section 270A of the Income Tax Act, 1961, which imposes penalties for under-reporting and misreporting of...
Section 10(4F) specifically applies to income earned by a non-resident from a unit of an International...
Amendment of section 9.
110. In the Central Goods and Services Tax Act, 2017 (12 of 2017.) (hereinafter...
Form 10-IEA is a crucial document for taxpayers for AY 2024-2025 and onwards. It allows individuals and...