Education is an essential aspect of personal and professional growth. However, pursuing higher education...
Here’s a structured table summarizing the extension of time limits for filing Updated Tax Returns (ITR-U)...
Compensation received under a Voluntary Retirement Scheme (VRS) or Voluntary Separation Scheme is partially...
Section 194LBC of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on income distributed...
Under Section 253 of the Income Tax Act, 1961, appeals can be filed before the Income Tax Appellate Tribunal...
The provisions, which are being discussed under various sub-sections of section 40A have overriding effect ...
Introduced by the Finance Act, 2023, these provisions impose a “Ceasing Tax” on charitable/religious...
Key Rule
When an individual converts their self-acquired property into HUF (Joint Family) property, any...
The rules for valuation of specified fringe benefits or amenities arc as under:
1. Interest Free Or...
Section 197 of the Income Tax Act, 1961 provides a mechanism for taxpayers to obtain certificates for...
Section 10(26) of the Income Tax Act provides a tax exemption for members of Scheduled Tribes residing...
Here’s a detailed explanation of Section 170 (Interest on Delayed Payment of Equalisation Levy) under...
1. Introduction to Section 80CCD
Section 80CCD of the Indian Income Tax Act, 1961, provides for deductions...
Section 69 of the CGST Act, 2017 grants tax authorities the power to arrest individuals suspected of...
Section 10(48A) of the Income Tax Act provides an exemption in respect of income earned by a foreign...
The following benefits are taxable for all employees, irrespective of their salary or designation. These...
Section 10(37) of the Income Tax Act, 1961 provides for the exemption of capital gains on compensation...
Notwithstanding anything contained in sections 30 to 38, the following amounts shall not be deducted...
Applicable to: Indian Companies
This section provides 100% tax deduction for contributions made by Indian...
(A) Providing Tax Relief
A.1 Substantial relief is proposed under the new tax regime with new slabs and...