Section 142B of the Income Tax Act, 1961 empowers the Central Government to make schemes for faceless...
Section 234C of the Income Tax Act, 1961 imposes interest for deferring advance tax payments beyond the...
Unit Linked Insurance Plans (ULIPs) are a unique financial product that offers the dual benefits of life...
Section 10(23B) of the Income Tax Act provides a tax exemption for income earned by certain institutions...
Kisan Vikas Patra is a certificate scheme from the Indian post office. It doubles a one-time investment...
1. Overview
Section 293C of the Income Tax Act, 1961 empowers the Central Government to withdraw approvals...
Section 10(4E) of the Income Tax Act, 1961 in India provides an exemption for income earned by a non-resident...
Section 10(4C) of the Income Tax Act, 1961 in India provides an exemption for interest income earned...
Under the Income Tax Act, 1961, if a taxpayer or the Income Tax Department is dissatisfied with an order...
Section 234B(1) of the Income Tax Act, 1961, imposes interest if an assessee either:
Fails to pay advance...
Section 234H of the Income Tax Act, 1961 imposes a fee for failure to intimate/link one’s Aadhaar...
Income tax laws in India provide various deductions and exemptions to taxpayers, helping them reduce...
Section 10(23F) of the Income Tax Act provided a tax exemption for dividends and long-term capital gains...
The treatment of vouchers under GST has been a subject of debate due to their unique nature. This article...
Section 281 empowers the Income Tax Department to declare certain asset transfers as void if made during...
1. What is Section 282A?
Section 282A mandates proper authentication of all income tax notices, orders,...
Section 10(23FCA) of the Income Tax Act provides a tax exemption for rental income earned by a Real Estate...
Section 10(23BBG) of the Income Tax Act provides a full tax exemption for the income of the Central Electricity...
A format to compute the capital gain is given below:
Computation of Short-term Capital Gains
Full...
1. Introduction to Clubbing of Income
The Indian Income Tax Act, 1961, has provisions that prevent taxpayers...