Here’s a detailed analysis of Section 275 of the Income Tax Act, 1961, which governs the time limits...
Section 195A of the Income Tax Act, 1961, governs scenarios where the payer agrees to bear the tax liability on...
Section 194T, introduced by the Finance (No. 2) Bill, 2024, is effective from April 1, 2025. This section...
Section 10(16) of the Income Tax Act, 1961 provides exemption from income tax for scholarships granted...
Section 284 of the Income Tax Act, 1961, governs how notices, orders, or summons must be served when...
Section 194BB of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on winnings from horse...
Section 194K of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on income distributed...
1. Legal Basis
Section 206C(6A)empowers tax authorities to impose penalties under Section 221 on sellers...
To legally establish and operate a Charitable & Religious Trust in India, the following registrations are...
Here’s a detailed breakdown of Section 271AAD of the Income Tax Act, 1961, which imposes penalties for...
The Tax Deduction and Collection Account Number (TAN) is a 10-digit alphanumeric number issued by the...
The treatment of vouchers under GST has been a subject of debate due to their unique nature. This article...
Under Section 261 of the Income Tax Act, 1961, an appeal can be filed before the Supreme Court of India against...
Gratuity is a payment made by the employer to an employee in appreciation of the past services rendered...
Under the Income Tax Act, individuals and Hindu Undivided Families (HUFs) have the option to be taxed...
1. Overview
Section 115BBD provided a concessional tax rate of 15% (plus surcharge and cess) on dividends...
Section 234B(4) of the Income Tax Act, 1961 provides for the adjustment of interest when there is a subsequent...
Section 234A(4) of the Income Tax Act, 1961, deals with the adjustment of interest when there is a subsequent revision,...
Applicable to: Developers of Affordable Housing Projects
This section provides a 100% tax exemption on...
Section 194LB of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest payments...