Under the Income Tax Act, 1961, individuals and Hindu Undivided Families (HUFs) can claim exemptions...
Key Rule
When an individual converts their self-acquired property into HUF (Joint Family) property, any...
Certain professionals and government employees receive special allowances that are fully or partially...
A survey under Section 133A of the Income Tax Act, 1961 is a legal procedure allowing income-tax authorities...
Applicable to: DPIIT-recognized startups (Private Companies/LLPs)
This section provides a 100% tax deduction...
Section 194H of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made as commission...
Compensation received by an individual or their legal heirs in the event of a disaster is governed by...
Under the Income Tax Act, 1961, certain transactions involving capital assets are excluded from the definition...
Section 192 mandates employers to deduct Tax Deducted at Source (TDS) from employees’ salaries...
Yes, under Section 238 of the Income Tax Act, 1961, a person other than the assessee can claim a refund...
GST Audit under Section 65 of the CGST Act, 2017 is conducted by the tax authorities to verify the correctness...
The Income Tax Appellate Tribunal (ITAT) derives its adjudicatory powers from Section 254 of the Income...
Section 10(10C) of the Income Tax Act provides an exemption to employees who receive a certain amount...
The Income Tax Act, 1961, allows for the waiver or reduction of interest in certain cases, primarily...
Under the Income Tax Act, 1961, the Principal Chief Commissioner (PCCIT), Chief Commissioner (CCIT),...
Here’s a detailed analysis of Section 273A of the Income Tax Act, 1961, which empowers tax authorities...
1. Basic Concept of HUF
An HUF (Hindu Undivided Family) is a separate legal entity for tax purposes,...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New...
The Income Tax Bill 2025 will come into effect from April 1, 2026, after it is vetted by a Select Committee...
Section 80C of the Income Tax Act allows individuals to claim deductions on certain investments and expenses,...