Tax on Non-Agricultural Income with partial Agricultural Income
As already discussed, there is no tax...
A. Legislative Changes in Customs Laws
A.1 Amendments in the Customs Act, 1962
(i) Section 28 DA is being...
Section 10(6B) of the Income Tax Act, 1961, provides a tax exemption to non-residents (including foreign...
What is PAN?
Permanent Account Number (PAN) is a unique ten-digit alphanumeric identifier issued by...
Sovereign Gold Bonds (SGBs) are government securities denominated in grams of gold. They are substitutes...
Under the Goods and Services Tax (GST) regime in India, healthcare services and hospital room rent are...
The commuted value of pension refers to the lump sum amount received by an employee in lieu of a portion...
Section 192A of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on premature withdrawals...
Section 10(6) of the Income Tax Act, 1961 provides tax exemptions for certain types of remuneration received...
When it comes to retirement planning, superannuation funds play a crucial role in providing financial...
Under Section 253 of the Income Tax Act, 1961, appeals can be filed before the Income Tax Appellate Tribunal...
Purpose:
This section provides tax exemption to professional associations (like medical councils, bar...
Section 10(25) of the Income Tax Act provides tax exemptions for income earned by various retirement-related...
Compensation received under a Voluntary Retirement Scheme (VRS) or Voluntary Separation Scheme is partially...
Section 10(23FBA) of the Income Tax Act provides a targeted tax exemption for investment funds—but with...
Here’s a detailed analysis of the taxability of forfeited advance money for transfer of capital assets...
Section 10(23FF) of the Income Tax Act provides a targeted capital gains exemption for non-residents...
Section 80RRB of the Income Tax Act, 1961, provides for a deduction in respect of royalty income received...
Section 10(6) of the Income Tax Act, 1961 provides an exemption from income tax for certain income received...
Section 143(3) deals with the scrutiny assessment process in Indian income tax law. This assessment is...