The Finance (No. 2) Bill, 2024, has introduced several significant amendments to the capital gains tax...
Pensions are fixed sums of money that individuals receive at regular intervals after retirement. They...
In the realm of Goods and Services Tax (GST), the efficient utilization and handling of Input tax credit (ITC)...
Section 10(5) of the Income Tax Act allows for certain tax exemptions on travel expenses provided by...
Income under the head ‘Income from House Property’ under Section 22 to 27 has been described with practical...
Section 234C of the Income Tax Act, 1961, pertains to the levy of interest for deferment of advance tax....
1. Introduction to Section 70 – The Indian Income Tax Act, 1961, provides various provisions for...
The authority vested in officers for search and seizure is a crucial aspect of upholding tax laws and...
Section 80QQB of the Income Tax Act provides a deduction in respect of royalty income earned by authors....
Certain BCD exemptions entries under S No. 50/2017-Customs dated 30.6.2017 and other notifications are...
Understanding of Capital Gain When it comes to the transfer of shares or debentures by non-residents,...
1. Section 35(1A) relating to Filing Of Statement of any sum received by a Research Association, University,...
Section 10(12A) of the Income Tax Act, 1961 provides that any amount received by an individual from the...
![General Deductions [Section 37(1)]](https://incometaxmanagement.in/wp-content/uploads/2023/09/General-Deductions-Section-371.jpg)
Any expenditure (not being expenditure of the nature described in sections 30 to 36) and not of capital...
The Income Tax Act, 1961, includes specific provisions to protect the interests of Micro, Small, and...
INTRODUCTION: Form 15CA and Form 15CB are essential documents under the Income Tax Act, 1961, for foreign...
1. Litigation management when in an appeal by revenue an identical question of law is pending before...
Section 80DDB of the Income Tax Act in India provides a deduction for individuals and Hindu Undivided...
Circular No. 07/2024 [F. No.173/25/2024-ITA-I] Dated 25th April, 2024: A Detailed Analysis The Central...
The Supreme Court of India’s decision in the case of Chief Commissioner of Central Goods and Services...