![Agricultural Income [Section 2(1A)]](https://incometaxmanagement.in/wp-content/uploads/2023/10/Agricultural-Income-Section-21A.jpg)
Section 10(1) of the Income-tax Act, 1961 exempts agricultural income from income-tax. However, net agricultural...
Leave encashment refers to the practice of converting accumulated leave into cash. Many organizations...
As per Section 54D, the Capital Gain arising from the transfer, by way of compulsory acquisition under...
Income arising to a shareholder on account of Buy Back of Shares is governed by Section 10(34A) of the...
Business trusts have gained popularity in recent years as a unique investment vehicle. They offer investors...
![Special Provisions in respect of Newly-established Units in Special Economic Zones (SEZ) [Section-10AA]](https://incometaxmanagement.in/wp-content/uploads/2023/10/59-Exempted-Incomes-Section-10AA.png)
Special Economic Zones (SEZs) have emerged as key drivers of economic growth and development in many...
Trade unions play a crucial role in protecting the rights and interests of workers. They negotiate with...
Section 9, Income Accrue or Deemed to Accrue or Arise in India : Section 9 describes the Incomes which...
Income under the head ‘Income from House Property’ under Section 22 to 27 has been described with practical...
![Income of an Electoral Trust shall be Exempt [Section 13B]](https://incometaxmanagement.in/wp-content/uploads/2023/10/61-Exempted-Incomes-Section-13B.png)
An Electoral Trust is a unique entity that plays a crucial role in the political funding of political...
The Public Provident Fund (PPF) scheme is a very popular long-term savings scheme in India because of...
Section 80QQB of the Income Tax Act provides a deduction in respect of royalty income earned by authors....
1. [Section 56(2)]: List of Incomes included under ‘Income from Other Sources’ There are many incomes...
Section 54H of the Income Tax Act, 1961 in India provided for an extension of time for acquiring a new...
Being a Member of Parliament (MP) or a Member of Legislative Assembly (MLA) is a position of great responsibility....
Section 80DD of the Income Tax Act in India provides a deduction for individuals or Hindu Undivided Families...
1. Section 35(1A) relating to Filing Of Statement of any sum received by a Research Association, University,...
Circular No. 07/2024 [F. No.173/25/2024-ITA-I] Dated 25th April, 2024: A Detailed Analysis The Central...
![Residential Status [Sections 5 to 9B]](https://incometaxmanagement.in/wp-content/uploads/2023/09/Residential-Status-Sections-5-to-9B.jpg)
1. Scope of Total Income / Incidence of Tax [Section 5] Total income of an assessee cannot be computed...
The provisions, which are being discussed under various sub-sections of section 40A have overriding effect ...