S.O. 1905(E) – In exercise of the powers conferred by sub-section (1) and sub-section (2) of section...
The Tax Deduction and Collection Account Number (TAN) is a 10-digit alphanumeric number issued by the...
Applicable to: All taxpayers (Individuals, HUFs, Companies, etc.)
This section provides tax benefits...
Section 139B of the Income Tax Act, 1961, allows taxpayers to file their income tax returns through authorized...
1. Legal Provision
Section 206C(4)ensures that the buyer (collectee) receives credit for the TCS amount...
Section 10(5) of the Income Tax Act allows for certain tax exemptions on travel expenses provided by...
Understanding of Capital Gain
When it comes to the transfer of shares or debentures by non-residents,...
Here’s a structured breakdown of the types, definitions, and residential status of companies under the Income...
Under the Goods and Services Tax (GST) regime in India, certain banking-related services are either exempt...
Tax Treatment of Partly Agricultural and Partly Non-Agricultural Income
Tax Treatment of on Composite...
1. Definition of ‘Transfer’ [Section 2(47)]
A transfer includes:
Sale, exchange, or relinquishment
Compulsory...
Section 10(23BBF) of the Income Tax Act provides a phased tax exemption for the North-Eastern Development...
Section 230 of the Income Tax Act, 1961 mandates certain individuals to obtain a Tax Clearance Certificate...
This section provides tax exemptions on certain types of interest income earned from specified bonds,...
Section 167 of the Finance Act, 2016 (Chapter VIII) governs the furnishing of statements for the Equalisation...
Section 36 of the Income Tax Act, 1961 lists specific deductions allowed against business income, in...
If you missed the deadline to claim a tax refund, you may still file a delayed refund claim under specific...
Section 54B of the Income Tax Act, 1961, provides a tax exemption on capital gains arising from the transfer...
Purpose:
This section provides tax exemption to professional associations (like medical councils, bar...
Section 71B of the Income Tax Act, 1961, governs the carry forward and set-off of losses from house property,...