The Faceless Appeal Scheme, 2021, introduced via Notification No. 139/2021 dated 28th December 2021,...
The taxation of dividends in India has undergone significant changes over the years. This article aims...
Here’s a detailed summary of the treatment of ULIPs (Unit-Linked Insurance Plans) as capital gains under...
Objective: To discourage large cash transactions and promote digital payments.
1. Key Provisions of Section...
1. Mandatory E-Filing Requirement
All tax deductorsmust electronically file quarterly TDS statements
Applies...
Section 10(6A) of the Income Tax Act, 1961, provides a tax exemption to foreign companies on income earned...
Section 59 deals with deemed income that becomes taxable under the head “Income from Other Sources” when...
The Post Office has been a trusted place for depositing and transacting with money. This is especially...
1. Introduction to Section 80CCD
Section 80CCD of the Indian Income Tax Act, 1961, provides for deductions...
Section 54F of the Income Tax Act, 1961, provides tax exemption on long-term capital gains (LTCG) from...
“Deemed profits” are amounts that aren’t traditional business income, but are still taxed as business...
Section 194-IA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made for...
Section 281 empowers the Income Tax Department to declare certain asset transfers as void if made during...
Gratuity is a significant part of an employee’s remuneration package. It is a payment made by an employer...
Applicable to: First-time homebuyers of affordable housing
This section provides an enhanced tax benefit for...
Certain professionals and government employees receive special allowances that are fully or partially...
The introduction of Section 128A in the Central Goods and Services Tax (CGST) Act, 2017, by the Finance...
Revocation of Cancellation of Registration under GST is a process that allows a taxpayer to restore their...
Start-ups in India can benefit from significant tax exemptions under Section 80-IAC of the Income-tax...
Notification No. 03/2025 [F. No. 275/109/2024-IT(B)] Dated 2nd January, 2025
MINISTRY OF FINANCE
(Department...