Here’s a detailed explanation of the taxability of dividends under Section 56(2)(i) as “Income...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New...
Section 22 of the Income Tax Act, 1961, defines when and how income from house property becomes taxable.
1....
Income chargeable under the head “Income from house property” shall be computed after making...
The deductions under Chapter VI-A (Sections 80A to 80U) are subject to certain overarching rules that...
Under the Income Tax Act, 1961, certain transactions involving capital assets are excluded from the definition...
Section 80GG of the Income Tax Act allows individuals to claim deductions for the rent paid when they...
Section 10(6D) provides a tax exemption to non-residents (other than foreign companies) on income received...
The Sukanya Samriddhi Account is a popular savings scheme in India that aims to promote the education...
Section 10(23AAA) of the Income Tax Act provides an exemption for income received by any person on behalf...
Section 55(2) of the Income Tax Act, 1961, provides crucial rules for determining the cost of acquisition of...
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...
Applicable to: Individuals
This section allows a deduction for contributions made to approved pension...
Kisan Vikas Patra is a certificate scheme from the Indian post office. It doubles a one-time investment...
Here’s a detailed explanation of tax relief under Section 89(1) read with Rule 21A of the Income Tax...
Applicable to: *Farmer Producer Companies (FPCs) registered under Companies Act, 1956/2013*
This section...
Understanding Section 10(8)
Section 10(8) provides tax exemption for income received by:
Foreign technicians/experts
Employees...
The Finance (No. 2) Bill, 2024, has introduced several significant amendments to the capital gains tax...
Being a Member of Parliament (MP) or a Member of Legislative Assembly (MLA) is a position of great responsibility....
Retirement planning is crucial for employees to ensure financial security post-retirement while minimizing...