Section 115JB(2) mandates that the Statement of Profit & Loss (P&L) for MAT computation must...
1. Rationalization of provisions of TDS on sale of immovable property [Section 194-IA amended w.e.f....
House Rent Allowance (HRA) is a common component of most employees’ salary packages. It is provided...
Section 194H of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made as commission...
The Goods and Services Tax (GST) Act, 2017, has laid down comprehensive guidelines for recovery proceedings...
Section 10(6) of the Income Tax Act, 1961 provides an exemption from income tax for certain income received...
Section 194A mandates Tax Deducted at Source (TDS) on interest payments (excluding interest on securities)...
Section 80U of the Income Tax Act provides relief to individuals with disabilities by allowing them to...
Section 142B of the Income Tax Act, 1961 empowers the Central Government to make schemes for faceless...
Section 10(5) of the Income Tax Act, 1961, provides an exemption for Leave Travel Concession (LTC) or Leave...
Allowances form a significant part of salary income and are classified into three categories for tax...
Section 264B of the Income Tax Act, 1961, pertains to the faceless effect of orders passed under the...
Section 190 of the Income Tax Act, 1961, governs the provisions related to Tax Deduction at Source (TDS),...
Section 268 of the Income Tax Act, 1961 provides a relief mechanism for taxpayers and the tax department...
Under Section 23(2) to (4) of the Income Tax Act, 1961, a self-occupied residential property (SOP) is...
1. Individual and HUF Applicants who are Citizens of India and Located Within and Outside India at the...
Overview of Section 112A
Section 112A of the Income Tax Act, 1961 governs the taxation of long-term capital...
Section 10(23FF) of the Income Tax Act provides a targeted capital gains exemption for non-residents...
The Public Provident Fund (PPF) scheme is a very popular long-term savings scheme in India because of...
Section 196 of the Income Tax Act, 1961 provides an exemption from Tax Deducted at Source (TDS) for payments...