1. Legal Provision
Section 206C(6)imposes penalties on sellers/collectors who fail to collect Tax Collected...
The residential status of a company is a crucial factor in determining its tax liability in India. Section...
Interest income is one of the common sources of income for individuals and businesses alike. When it...
Income from salaries is taxable under Sections 15-17 of the Income Tax Act, 1961. It includes all remuneration...
1. Overview
Section 115BBD provided a concessional tax rate of 15% (plus surcharge and cess) on dividends...
1. When Does This Apply?
When the taxpayer calculates their own advance tax liability(not based on the...
Section 206C of the Act provides for tax collection at source (TCS) on business of trading in alcoholic...
Section 10(23BBG) of the Income Tax Act provides a full tax exemption for the income of the Central Electricity...
Section 54GA of the Income Tax Act, 1961, provides tax exemption on capital gains when a business relocates...
Gratuity is a lump-sum payment made by an employer to an employee as a token of appreciation for long-term...
Chapter VI-A of the Income Tax Act, 1961, provides various deductions from Gross Total Income (GTI) to...
Section 65 clarifies the tax liability of the transferee (recipient of income/assets) when income is...
Sections 15-17 Guide : Learn How To Compute Income From Salaries Under India’s Income Tax Act....
Section 10(4F) specifically applies to income earned by a non-resident from a unit of an International...
Introduction
The people of India have reposed their faith in the government led by the Hon’ble Prime...
Purpose:
This section provides a full tax exemption on income earned by approved news agencies that operate...
Section 10(23FE) of the Income Tax Act provides a tax exemption for certain types of income earned by...
1. Legal Definition (Section 2(14))
A capital asset means:
Property of any kind held by an assessee...
1. What is Section 282A?
Section 282A mandates proper authentication of all income tax notices, orders,...
Arrears of salary refer to payments received by an employee for work done in previous financial years...