Chapter XIV-B (Sections 158BA, 158BB, 158BE):
Replaces “total income” assessment with “undisclosed...
1. Clarification in respect of Disallowance under Section 14A in absence of any Exempt Income during...
(1) When an asset is acquired by the government through the process of compulsory acquisition,...
A. Changes in Basic Customs Duty (to be effective from 24.07.2024)
S. No.
Chapter, Heading, sub-...
The Income Tax Act, 1961 provides detailed provisions under Sections 70 to 80 for setting off and carrying...
Capital assets are classified into different categories under the Income Tax Act, 1961, each with unique...
Kisan Vikas Patra is a certificate scheme from the Indian post office. It doubles a one-time investment...
To simplify tax compliance and enhance the ease of doing business, the Finance Act has proposed significant...
Unrealised rent refers to rental income that is due but not received from a tenant. The Income Tax Act,...
The Post Office has been a trusted place for depositing and transacting with money. This is especially...
Section 167 of the Finance Act, 2016 (Chapter VIII) governs the furnishing of statements for the Equalisation...
Understanding and Conditions of Section 115F
As a Non-Resident Indian (NRI), understanding the tax implications...
INTRODUCTION-
The Goods and Services Tax (GST) is a comprehensive and multi-stage tax system that aims...
1. Enabling the Commissioner (Appeals) to levy Penalty under Section 271AAB. 271AAC and 271AAD of the...
Here we discuss all the Provisions towards Computation of Capital Gain in certain Special Cases and the...
Section 10(10C) of the Income Tax Act provides an exemption to employees who receive a certain amount...
1. Primary Responsibilities of Deductor
Tax Deduction at Source:
Must deduct correct % as per Income...
Agricultural income holds a special position in India’s taxation system, with specific exemptions...
Section 10(23AAA) of the Income Tax Act provides an exemption for income received by any person on behalf...
This article delves into the legal framework surrounding cash seizure, the grounds on which authorities...