Understanding of Section 54B
Agriculture plays a vital role in the economy of many countries, providing...
An individual may either be a:
(a) Resident in India; or
(b) Deemed to be Resident In India...
The Central Board of Indirect Taxes and Customs (CBIC) has released Notification No. 12/2024–Central...
Income referred to in Section 68, 69A, 69B, 69C and 69D which are undisclosed income and Investments...
Unrealised rent refers to rental income that is due but not received from a tenant. The Income Tax Act,...
The term “actual cost” in the context of asset acquisition plays a pivotal role in income...
So far, we have discussed what are the various incomes, allowances and perquisites which are exempt and...
Education is an essential aspect of personal and professional growth. However, pursuing higher education...
Section 234B(4) of the Income Tax Act, 1961 provides for the adjustment of interest when there is a subsequent...
Under Section 261 of the Income Tax Act, 1961, an appeal can be filed before the Supreme Court of India against...
GST Audit under Section 65 of the CGST Act, 2017 is conducted by the tax authorities to verify the correctness...
Section 194M of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on certain payments made...
Section 10(10B) of the Income Tax Act in India provides an exemption for compensation received by employees...
1. Legal Requirement
Section 206Amandates specified entities to file statements for payments made to...
Insertion of new section 8A.
153. In the Goods and Services Tax (Compensation to States) Act, 2017 (15...
Section 10(6) of the Income Tax Act, 1961 provides tax exemptions for certain types of remuneration received...
According to Section 10(2A), any share of profit received by a partner from a firm is exempt from tax....
Section 115BAC of the Income Tax Act, 1961, introduces a simplified tax regime with lower slab rates...
Learn The New Partner Remuneration Deduction Limits Under Section 40(B) And TDS Rules Under Section 194T...
Section 234G of the Income Tax Act, 1961, imposes a late fee on institutions, trusts, or funds that fail...