Section 10(4C) of the Income Tax Act, 1961 in India provides an exemption for interest income earned...
Section 139AA was introduced in the Income Tax Act, 1961, with effect from July 1, 2017, to make it mandatory...
S.O. 614(E).-In exercise of the powers conferred by sub-section (2) of section 168 of Finance Act, 2016...
To give relief to small taxpayers from the tedious job of maintenance of books of account and from getting...
Navigating the complexities of Goods and Services Tax (GST) can be challenging for businesses, especially...
Notification No. 06/2025 [F. No. 275/108/2024-IT(B)] Dated 6th January, 2025
MINISTRY OF FINANCE
(Department...
Tax incentives to International Financial Services Centre
International Financial Services Centre (IFSC)...
1. Provision by the employer of services of a Sweeper, a Gardener, a Watchman or Personal Attendant...
Here’s a detailed explanation of Section 271K of the Income Tax Act, 1961, which deals with penalties...
Under the Income Tax Act, 1961, individuals and Hindu Undivided Families (HUFs) can claim exemptions...
This section provides tax exemptions on certain types of interest income earned from specified bonds,...
Charitable and religious trusts or institutions registered under the Income Tax Act, 1961, are generally...
The Public Provident Fund (PPF) scheme is a very popular long-term savings scheme in India because of...
1. Key Features of Section 69C
Objective: Targets unexplained expenseswhere the assessee cannot prove...
Applicable to: Individuals (Salaried & Self-Employed)
This section provides tax benefits for contributions...
Section 10(23AAB) of the Income Tax Act provides an exemption for income of a pension fund set up by:
Life...
Section 192A of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on premature withdrawals...
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...
Overview of STCG under Section 111A
Short-term capital gains (STCG) arising from the transfer of equity...