The Income Tax Law in India is a complex and ever-changing set of regulations that govern the taxation...
Under the Explanation to section 288(2), an “accountant” means a chartered accountant within...
The article you’re viewing discusses significant changes to the regulations governing Charitable Trusts...
Death-cum-Retirement Gratuity is an important financial benefit provided to employees in India. It is...
1. Provision by the employer of services of a Sweeper, a Gardener, a Watchman or Personal Attendant...
Section 80U of the Income Tax Act provides relief to individuals with disabilities by allowing them to...
Special Provisions for computing Business income in certain cases on the basis of Estimated Income Method...
The Capital Gains Accounts Scheme (CGAS) 1988 is a scheme under the Income Tax Act, 1961, in India. It...
![Computation of Capital Gains [Section 46]](https://incometaxmanagement.in/wp-content/uploads/2023/09/Computation-of-Capital-Gains-Section-46.jpg)
(1) When a company goes into liquidation, it is important to understand the implications it can...
In the following Cases, Instances of Agricultural and Non-Agricultural Incomes are described in details...
Term life insurance, also known as pure life insurance, is a type of life insurance that guarantees payment...
![Permanent Account Number (PAN)[Section 139A and Rule 114]](https://incometaxmanagement.in/wp-content/uploads/2023/11/Permanent-Account-Number-PAN-Features-Image.png)
1. Making changes or Correction in PAN data
Suppose an applicant needs to change or correct a data on...
Ministry of Finance
FAQs issued by CBDT on the new Capital Gains Tax Regime proposed in the Union Budget...
So far, we have discussed what are the various incomes, allowances and perquisites which are exempt and...
Section 9 of the Income Tax Act, 1961 is an important provision that deals with the taxation of income...
A recognized provident fund is a retirement savings scheme that is approved by the government. It is...
CBDT issues clarification in respect of Income-tax clearance certificate (ITCC)-Press Release by PIB
Ministry of Finance
CBDT issues clarification in respect of Income-tax clearance certificate (ITCC)
It...
![[Section 28]-Chargiability-Scope-Meaning of Income](https://incometaxmanagement.in/wp-content/uploads/2023/09/Section-28-Chargiability-Scope-Meaning-of-Income.jpg)
Chargeability/Scope/Meaning of Income under the head “Profits and Gains of Business and Profession” under...
Amendment of section 7.
151. In the Union Territory Goods and Services Tax Act, 2017 (14 of 2017.) (hereinafter...
The transformation of a Partnership Firm or a Proprietorship Firm into a Private Limited Company is a...