Notified special allowance is an allowance that has been notified by the Central Government under Section...
1. Basic Principle of Assessment
Clubbed income is assessed in the hands of the transferor (not the transferee)...
Revocation of Cancellation of Registration under GST is a process that allows a taxpayer to restore their...
Discover All Revised TDS Threshold Limits FY 2025-26. Learn About New Section 194T, Doubled Senior Citizen...
Section 44AD provides a presumptive taxation scheme for small businesses, allowing them to declare income...
Cases or situations of Tax Relief under section Section 89/Rule 21A when Salary is Paid in Arrears or...
Section 10(24) of the Income Tax Act provides a tax exemption for certain types of income earned by registered...
Section 194-I of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on rent payments exceeding...
I start with GST. It has decreased tax incidence on the common man; reduced compliance burden and logistics...
Section 10(23FB) of the Income Tax Act provides a tax exemption for income earned by a Venture Capital...
Discover The New TCS Rules April 2025. Learn About Higher LRS Thresholds, Education Loan Exemptions,...
Tax Treatment of Partly Agricultural and Partly Non-Agricultural Income
Tax Treatment of on Composite...
Yes, a loss can arise under “Income from House Property” due to high interest on home loans or low...
A. Basic Conditions for Section 11 (Income from Property Held for Charitable/Religious Purposes)
Registration...
1. Key Features of Section 69A
Objective: Targets unexplained money, jewellery, or assetsfound in possession...
Applicable to: Individuals & HUFs (for self or dependent relatives)
This section provides tax relief...
Under the Explanation to section 288(2), an “accountant” means a chartered accountant within...
Section 69D targets hundi transactions (an informal financial instrument) conducted without banking channels,...
1. Legal Basis
Proviso to Section 206C(3): Requires sellers/collectorsto submit a statement of TCS collected...
S.O. 614(E).-In exercise of the powers conferred by sub-section (2) of section 168 of Finance Act, 2016...