Under Section 248 of the Income Tax Act, 1961, a person who denies liability to deduct tax at source...
Section 54 of the Income Tax Act, 1961 provides tax exemption on long-term capital gains (LTCG) arising...
Section 45(3) of the Indian Income Tax Act, 1961, deals with the taxation of capital gains arising from...
1. Understanding of Section 80-IAC
The Income Tax Act, 1961 provides various deductions for taxpayers...
1. Documents Required to Apply for NRI PAN Card
As a Non-Resident Indian (NRI), obtaining a Permanent...
Section 10(10CC) provides a unique tax benefit where certain perquisites paid by employers are exempt...
Under the Income Tax Act, 1961, certain transactions involving capital assets are excluded from the definition...
(A) Providing Tax Relief
A.1 Substantial relief is proposed under the new tax regime with new slabs and...
Under the Income Tax Act, 1961, if a taxpayer or the Income Tax Department is dissatisfied with an order...
Pensions are fixed sums of money that individuals receive at regular intervals after retirement. They...
1. Primary Responsibilities of Deductor
Tax Deduction at Source:
Must deduct correct % as per Income...
Charitable and religious trusts or institutions registered under the Income Tax Act, 1961, are generally...
(1) Unit Linked Insurance Policies (ULIPs) have gained popularity as a dual investment-cum-insurance...
Section 143(1) of the Income Tax Act, 1961 governs the automated processing of income tax returns by...
Gratuity is a payment made by the employer to an employee in appreciation of the past services rendered...
Section 194T, introduced by the Finance (No. 2) Bill, 2024, is effective from April 1, 2025. This section...
Section 219 of the Income Tax Act, 1961 governs how advance tax payments are credited against a taxpayer’s...
Employee Stock Option Plans (ESOPs) are popular mechanisms through which companies attract, retain, and...
1. Agricultural Income [Section 10(1)]
As per Section 10(1) of the Income Tax Act, agricultural income...
The Budget 2025 has introduced enhanced threshold limits for TDS, ensuring that smaller transactions...