Here’s a detailed analysis of Section 139AA of the Income Tax Act, 1961, which mandates the quoting and...
The Government of India has introduced a new Amnesty Scheme under GST, notified via Notification No. 17/2024 –...
Section 132A empowers the Income Tax Department to requisition (take custody of) books of account, documents,...
The treatment of vouchers under GST has been a subject of debate due to their unique nature. This article...
Section 80DD of the Income Tax Act in India provides a deduction for individuals or Hindu Undivided Families...
Applicable to: All taxpayers (Individuals, HUFs, Companies, etc.)
This section provides tax benefits...
Section 10(23AAA) of the Income Tax Act provides an exemption for income received by any person on behalf...
Section 151A empowers the Central Government to implement a faceless, technology-driven scheme for reassessing...
Here’s a detailed analysis of the tax treatment of family pension payments received by legal heirs of...
Section 80GG of the Income Tax Act allows individuals to claim deductions for the rent paid when they...
Income tax laws can be complex and confusing, especially when it comes to understanding the various exemptions...
There are many incomes which are taxable under the head ‘Income from Other Sources’. However, section...
Section 10(23EC) of the Income Tax Act provides a tax exemption for income received by an Investor Protection...
Section 147 empowers the Assessing Officer (AO) to reassess or recompute income that has escaped taxation in...
Section 218 of the Income Tax Act, 1961 deals with situations where a taxpayer is considered to be in...
Income arising to a shareholder on account of Buy Back of Shares is governed by Section 10(34A) of the...
Section 37(1) of the Income Tax Act, 1961 is a crucial provision that allows businesses and professionals...
Here’s a detailed explanation of Section 206CB: Processing of Statements of Tax Collected at Source...
Section 18 of the Central Goods and Services Tax (CGST) Act, 2017, deals with the availability and eligibility...
Section 69 of the CGST Act, 2017 grants tax authorities the power to arrest individuals suspected of...