Under Section 139(4C) of the Income Tax Act, 1961, specific categories of non-profit entities must file...
Applicable to: Individuals & HUFs
This section provides tax relief for expenses incurred on the care...
Section 192A of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on premature withdrawals...
Section 194C of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made to resident...
Section 285BB of the Income Tax Act, 1961, mandates the Income Tax Department to provide taxpayers with...
Section 43B of the Income Tax Act, 1961 is a crucial provision that disallows certain expenses unless...
Section 10(23C) of the Income Tax Act, 1961 provides for the exemption of income of certain funds of...
1. Provisions of Section 79 not to apply In case of Strategic Disinvestment of Public Sector Companies...
Ministry of Finance
FAQs issued by CBDT on the new Capital Gains Tax Regime proposed in the Union Budget...
Purpose:
This section provides a tax exemption on payments received as awards, rewards, or prizes from:
Central/State...
A Post Office Savings Account is one of the most popular and accessible savings accounts in India.
The...
Under Section 23(5) of the Income Tax Act, 1961, a key exemption applies to real estate developers and...
The Indian Income Tax Act, 1961 classifies taxable income under five distinct heads, with “Income...
Section 10(23BBD) of the Income Tax Act provides a tax exemption for the income of the ASOSAI-SECRETARIAT—that...
Section 268 of the Income Tax Act, 1961 provides a relief mechanism for taxpayers and the tax department...
Section 250 of the Income Tax Act, 1961 governs the procedure followed by the Commissioner of Income...
The Finance Bill 2025, presented by Finance Minister Nirmala Sitharaman as part of the Union Budget 2025-26,...
Section 10(23FE) of the Income Tax Act provides a tax exemption for certain types of income earned by...
Section 10(26) of the Income Tax Act provides special provisions for the income of a member of a Scheduled...
Notified special allowance is an allowance that has been notified by the Central Government under Section...