Section 10(23BBH) of the Income Tax Act provides a complete tax exemption for the income of Prasar Bharati...
1. Perquisites [(Section 17(2)]- Income under the head Salaries
Section 17(2) of the Income-tax Act,...
Section 73 of the Income Tax Act, 1961, governs the treatment of speculation business losses, imposing...
Section 194D of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made as insurance...
1. Basic Framework
Companies are taxed on their total incomecomputed under the Income Tax Act, 1961.
Tax...
Here’s a structured table summarizing the penal provisions related to Tax Collected at Source (TCS) under Sections...
Here’s a detailed analysis of the taxability of forfeited advance money for transfer of capital assets...
Section 201(1A) of the Income Tax Act, 1961, imposes interest on a deductor (employer, company, etc.)...
Section 194Q of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made by buyers to resident...
Notification No. 04/2025 [F. No. 196/1/2023-ITA-I] Dated 3nd January, 2025
MINISTRY OF FINANCE
(Department...
Section 25A of the Income Tax Act, 1961, governs the tax treatment of arrears of rent (unpaid rent recovered...
Section 10(23DA) of the Income Tax Act provides a tax exemption for income earned by a securitisation...
Section 10(12B) of the Income Tax Act, 1961 provides tax exemption to partial withdrawals from the National...
Section 10(23BBC) of the Income Tax Act provides a tax exemption for the income of the SAARC Fund for...
S.O. 1905(E) – In exercise of the powers conferred by sub-section (1) and sub-section (2) of section...
Applicable to: Individuals & HUFs (Non-Senior Citizens)
This section provides tax relief on interest...
Discover The New TCS Rules April 2025. Learn About Higher LRS Thresholds, Education Loan Exemptions,...
The Income Tax Act, 1961, allows for the waiver or reduction of interest in certain cases, primarily...
An Association of Persons (AOP), whether incorporated or not, is treated as a `person` under section...
Section 54G of the Income Tax Act, 1961, provides tax exemption on capital gains arising from the transfer...