Section 194K of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on income distributed...
Notification No. 07/2025 [F. No. 203/20/2024/ITA-II] Dated 14th January, 2025
MINISTRY OF FINANCE
(Department...
Section 79 of the Income Tax Act, 1961, imposes strict restrictions on the carry-forward and set-off...
Section 194LA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made as...
The Central Board of Indirect Taxes and Customs (CBIC) has released Notification No. 12/2024–Central...
Section 10(23BBB)- Tax Exemption for income earned by the European Economic Community (EEC) in India
Section 10(23BBB) of the Income Tax Act provides a tax exemption for income earned by the European Economic...
Leave encashment refers to the amount received by an employee in exchange for unused leave balance at...
Section 144 of the Income Tax Act, 1961, empowers the Assessing Officer (AO) to determine a taxpayer’s...
Navigating the complexities of Goods and Services Tax (GST) can be challenging for businesses, especially...
The Sukanya Samriddhi Account is a popular savings scheme in India that aims to promote the education...
When non-residents (NRIs/Foreign Investors) transfer shares/debentures of Indian companies, special tax...
Amendment of section 9.
110. In the Central Goods and Services Tax Act, 2017 (12 of 2017.) (hereinafter...
Key Rule
When an individual converts their self-acquired property into HUF (Joint Family) property, any...
Section 10(11A) provides full tax exemption on withdrawals from a Sukanya Samriddhi Account (SSA), making...
Here’s a detailed analysis of Sections 269SU and 271DB of the Income Tax Act, 1961, which mandate businesses...
When an employer provides accommodation in a hotel, guest house, or similar facility, its taxability...
1. Automated Processing by CPC-TDS
Centralized Processing Center (CPC-TDS)processes all TDS returns
Auto-validationof...
Section 10(5) of the Income Tax Act, 1961, provides an exemption for Leave Travel Concession (LTC) or Leave...
Basic Rule
Under Section 64(1A), all income of a minor child (below 18 years) is automatically clubbed with...
1. [Section 80C]: Deduction in respect of Life Insurance Premium, Deferred Annuity, Contributions to...