Purpose:
This section provides a full tax exemption on income earned by approved news agencies that operate...
Special Provisions for computing Business income in certain cases on the basis of Estimated Income Method...
Section 10(23FC) of the Income Tax Act provides a tax exemption for specific types of income earned by...
Section 55(2) – Cost of Acquisition of Capital Asset for Computing Capital Gain
Cost of acquisition...
Section 10(25A) of the Income Tax Act provides a complete tax exemption for any income of the Employees’...
Here’s a detailed explanation of Section 269SS of the Income Tax Act, 1961, which governs the mode of...
Perquisites under Section 17(2) of the Income Tax Act, 1961, are additional benefits or amenities provided...
1. Key Features of Section 69B
Objective: Targets underreported investmentswhere actual expenditure...
Overview of Section 10(6C)
Section 10(6C) provides a tax exemption to foreign companies on income received...
Applicability:
Section 234A(1) of the Income Tax Act, 1961, levies interest if an assessee fails to file their...
Under the Income Tax Act, 1961, rent-free or concessional accommodation provided by an employer is a taxable...
It was introduced under chapter VIII of Finance Act, 2016. This chapter came in to force from 1st June,...
A Hindu Undivided Family (HUF) is a unique entity recognized by the Indian tax system. It is a family...
Section 164(2) of the Income Tax Act, 1961, deals with the taxation of discretionary trusts, including charitable...
Section 191 provides for situations where tax is not deducted at source (TDS) as required under other...
Overview
Section 157A of the Income Tax Act, 1961, was introduced to empower the Central Government to...
Section 194M of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on certain payments made...
Section 10(6A) of the Income Tax Act, 1961, provides a tax exemption to foreign companies on income earned...
1. Allowances- Income under the head Salaries
Allowance is a fixed monetary amount paid by the employer...
Ministry of Finance
FAQs issued by CBDT on the new Capital Gains Tax Regime proposed in the Union Budget...