Section 206C of the Act provides for tax collection at source (TCS) on business of trading in alcoholic...
Section 194LD of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest income paid...
Under the Income Tax Act, 1961, individuals and Hindu Undivided Families (HUFs) can claim exemptions...
Here’s a detailed breakdown of the penalties for failure to deduct or pay Equalisation Levy (EL) under Section...
Section 194-IC of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on monetary payments...
Unit Linked Insurance Plans (ULIPs) are a unique financial product that offers the dual benefits of life...
Section 17(3) defines “profits in lieu of salary” as payments received by an employee in...
Section 54 of the Income Tax Act, 1961 provides tax exemption on long-term capital gains (LTCG) arising...
Introduction
The people of India have reposed their faith in the government led by the Hon’ble Prime...
Under the Explanation to section 288(2), an “accountant” means a chartered accountant within...
Here’s a detailed summary of the treatment of ULIPs (Unit-Linked Insurance Plans) as capital gains under...
Section 234H of the Income Tax Act, 1961 imposes a fee for failure to intimate/link one’s Aadhaar...
The Indian Income Tax Act, 1961 classifies taxable income under five distinct heads, with “Income...
GST Audit under Section 65 of the CGST Act, 2017 is conducted by the tax authorities to verify the correctness...
Applicable to: Individual taxpayers
This section provides a deduction for interest paid on loans taken...
INTRODUCTION-
The Goods and Services Tax (GST) is a comprehensive and multi-stage tax system that aims...
Section 234A(3) of the Income Tax Act, 1961, deals with interest payable when an assessee fails to file...
1. Perquisites [(Section 17(2)]-Definition
Section 17(2) of the Income-tax Act, 1961 gives an inclusive...
Section 169 of the Finance Act, 2016 (Chapter VIII) governs the rectification of mistakes in the context...
Trade unions play a crucial role in protecting the rights and interests of workers. They negotiate with...