Under Section 248 of the Income Tax Act, 1961, a person who denies liability to deduct tax at source...
Sovereign Gold Bonds (SGBs) are government securities denominated in grams of gold. They are substitutes...
The Income Tax Act, 1961, provides specific cases where TDS is not required to be deducted, even if the...
Here’s a detailed breakdown of the collection and recovery of Equalisation Levy (EL) under Sections 166...
Political parties play a crucial role in any democratic society. They serve as the voice of the people,...
Section 10(26) of the Income Tax Act provides special provisions for the income of a member of a Scheduled...
Section 143(1) of the Income Tax Act, 1961 governs the automated processing of income tax returns by...
Applicable to: Banks/Financial Institutions operating in IFSCs (e.g., GIFT City)
This section provides 100%...
Purpose:
This section provides a full tax exemption on income earned by approved news agencies that operate...
1. Introduction of Block Assessment Provisions in cases of Search under Section 132 and Requisition under...
Explanation (iv) to Section 48 of the Income Tax Act, 1961, governs the indexation of improvement costs for...
Section 194EE of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on withdrawals from...
Under Section 249 of the Income Tax Act, 1961, along with Rules 45 and 46 of the Income Tax Rules, the...
Applicable to: *Resident Individuals with 40%+ Disability*
This section provides fixed tax deductions to...
SCSS is a savings product available for senior citizens aged 60 or above. On the date of opening an SCSS...
A. Changes in Basic Customs Duty (to be effective from 24.07.2024)
S. No.
Chapter, Heading, sub-...
Short Answer: No, the Annual Value (AV) or Net Annual Value (NAV) of a property cannot be negative under...
Section 10(23BB) of the Income Tax Act provides a tax exemption for the income of a Khadi and Village...
Section 264A of the Income Tax Act, 1961, introduced by the Taxation Laws (Relaxation and Amendment)...
The Income Tax Bill 2025 will come into effect from April 1, 2026, after it is vetted by a Select Committee...