(A) In the case of every Individual or Hindu Undivided Family (HUF) (A1) If the individual...
Amendment of section 7. 151. In the Union Territory Goods and Services Tax Act, 2017 (14 of 2017.) (hereinafter...
1. Scope of Total Income / Incidence of Tax [Section 5] Total income of an assessee cannot be computed...
Circular No. 03/2025 [F. No. 275/107/2024-IT(B)] Dated 20th February, 2025 Government of India Ministry...
Tax incentives to International Financial Services Centre International Financial Services Centre (IFSC)...
To simplify tax compliance and enhance the ease of doing business, the Finance Act has proposed significant...
When it comes to retirement planning, superannuation funds play a crucial role in providing financial...
Under the Indian Income Tax Act, 1961, the taxability of income from letting out of machinery, plant,...
Introduction Section 54B of the Income Tax Act, 1961, provides an exemption on capital gains arising...
A. Changes in Basic Customs Duty (to be effective from 24.07.2024) S. No. Chapter, Heading, sub- heading,...
(1) In the world of business and taxation, there are various provisions and regulations that govern...
Insertion of new section 8A. 153. In the Goods and Services Tax (Compensation to States) Act, 2017 (15...
1. Section 80-IAC: Deduction in respect of Eligible Business or Eligible Start Up Understanding of Section...
Ministry of Finance CAPITAL GAINS TAXATION SIMPLIFIED AND RATIONALISED SHORT TERM GAINS TO ATTRACT A...
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Notification No. 10/2025 [F. No. 370142/26/2024-TPL] Dated 27th January, 2025 MINISTRY OF FINANCE (Department...
An individual may either be a: (a) Resident in India; or (b) Deemed to be Resident In India...
Gratuity is a significant part of an employee’s remuneration package. It is a payment made by an employer...
Section 10(44) of the Income Tax Act, 1961 provides for exemption from income tax in India in respect...
Any expenditure (not being expenditure of the nature described in sections 30 to 36) and not of capital...
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