Section 115JB(4) of the Income Tax Act, 1961, mandates that companies liable for Minimum Alternate Tax...
Section 115JH of the Income Tax Act, 1961, provides transitional and computational rules for foreign...
Section 194LC of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest payments...
The Capital Gains Accounts Scheme (CGAS) 1988 is a scheme under the Income Tax Act, 1961, in India. It...
Applicable to: All taxpayers (Individuals, HUFs, Companies, etc.)
This section provides tax benefits...
Section 10(10B) of the Income Tax Act, 1961 provides important tax relief for workmen who receive compensation...
Section 194D of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made as insurance...
Section 115JB ensures that companies with substantial book profits but low or no taxable income (due...
The Income Tax Act, 1961 governs the taxation of companies in India, outlining rules for computation,...
GST Audit under Section 65 of the CGST Act, 2017 is conducted by the tax authorities to verify the correctness...
Section 73A of the Income Tax Act, 1961, governs the treatment of losses incurred in specified businesses under Section...
Under Section 234C of the Income Tax Act, taxpayers are generally required to pay advance tax in instalments....
Death-cum-Retirement Gratuity is an important financial benefit provided to employees in India. It is...
Section 115BAA of the Income Tax Act, 1961 provides a concessional tax rate of 22% (plus surcharge &...
Section 10(34A) of the Income Tax Act provides a tax exemption for shareholders on income received from...
Section 143(1) of the Income Tax Act, 1961 governs the automated processing of income tax returns by...
The treatment of vouchers under GST has been a subject of debate due to their unique nature. This article...
Section 194LD of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest income paid...
Applicable to: *Resident Individuals with 40%+ Disability*
This section provides fixed tax deductions to...
Section 10(46) of the Income Tax Act, 1961 provides for exemption from income tax of the specified income...