The Income Tax Bill 2025 will come into effect from April 1, 2026, after it is vetted by a Select Committee...
Section 195A of the Income Tax Act, 1961, governs scenarios where the payer agrees to bear the tax liability on...
Notification No. 13/2025 [F. No.370142/9/2024-TPL] Dated 07th February, 2025
MINISTRY OF FINANCE
(Department...
Section 194LBA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on specific income...
Where any person receives at any time during any previous year any money or other assets under an insurance...
Section 10(23D) of the Income Tax Act provides a tax exemption for the income of certain mutual funds...
Under the Income Tax Act, 1961, the following business/profession expenses are expressly allowed as deductions...
1. Perquisites [(Section 17(2)]-Definition
Section 17(2) of the Income-tax Act, 1961 gives an inclusive...
In the following Cases, Instances of Agricultural and Non-Agricultural Incomes are described in details...
Section 115BAB of the Income Tax Act, 1961 provides a concessional tax rate of 15% (plus surcharge &...
E-Invoicing has been implemented in India in a phased manner since 1st October 2020. Let us discuss whether...
Section 80JJAA of the Indian Income Tax Act, 1961 provides a valuable deduction for employers who create...
1. Legal Basis and Purpose
Section 203Amandates obtaining a 10-digit alphanumeric TAN for entities deducting/collecting...
1. Provision by the employer of services of a Sweeper, a Gardener, a Watchman or Personal Attendant...
(1) Unit Linked Insurance Policies (ULIPs) have gained popularity as a dual investment-cum-insurance...
Gratuity is a lump-sum payment made by an employer to an employee as a token of appreciation for long-term...
Applicable to: Individual taxpayers buying their first home
This section provides an additional tax benefit for...
Purpose:
This section provides a tax exemption on family pension received by the widow or children of...
Applicable to: Individual authors/researchers (Indian residents)
This section provides tax relief on royalty...
Section 49 specifies how the cost of acquisition of a capital asset is determined when it is acquired...