![Expenses allowed as a Deduction [Sections 30 to 35]](https://incometaxmanagement.in/wp-content/uploads/2023/09/Expenses-allowed-as-a-Deduction-Sections-30-to-35.jpg)
Section 30 to 35 covers the following expenses Allowed as Deduction while computing Profits and Gains...
1. Rationalization of provisions of TDS on sale of immovable property [Section 194-IA amended w.e.f....
Under the Income Tax Act, there are certain provisions that govern the taxation of income earned by minors....
The Indian Income Tax Act, 1961, governs the taxation of various sources of income in India. One such...
![Computation of Capital Gains [Section 46]](https://incometaxmanagement.in/wp-content/uploads/2023/09/Computation-of-Capital-Gains-Section-46.jpg)
(1) When a company goes into liquidation, it is important to understand the implications it can...
When it comes to investing in mutual funds, it is important to understand the various tax implications....
The National Savings Certificate (NSC) is a fixed Income Investment scheme that you can open with any...
1. Section 35(1A) relating to Filing Of Statement of any sum received by a Research Association, University,...
![Unexplained Cash Credits, Investments, Money, Etc. [ Section 68 TO 69D]](https://incometaxmanagement.in/wp-content/uploads/2023/11/Unexplained-Cash-Credit-Investment-Mony-Features-Image.png)
1. Unexplained Cash Credits [Section 68]
Where any sum is found credited in the books of an assessee,...
A recognized provident fund is a retirement savings scheme that is approved by the government. It is...
Income tax laws can be complex and confusing, especially when it comes to understanding the various exemptions...
The tax treatment of interest, premium, or bonus on specified investments is governed by Section 10(15)...
Section 10(23FE) of the Income Tax Act provides an exemption in respect of certain income of wholly owned...
Provisions and Amendments Relating to “Goods and Service Tax (GST)” under Finance (No.2) Bill, 2024.
Note:
(a) CGST Act means Central Goods and Services Tax Act, 2017
(b) IGST Act means...
1. Firm to be Assessed as Firm
Essential conditions prescribed under section 184 of the Income-tax Act,...
Introduction
Section 54B of the Income Tax Act, 1961, provides an exemption on capital gains arising...
According to Section 10(7), allowances or perquisites received by an employee outside of India for rendering...
1. Provision by the employer of services of a Sweeper, a Gardener, a Watchman or Personal Attendant...
Section 10(19A) of the Income Tax Act, 1961, exempts the annual value of one palace in the occupation...
1. Gratuity
Gratuity is a payment made by the employer to an employee in appreciation of the past services...