Section 10(23B) of the Income Tax Act provides a tax exemption for income earned by certain institutions...
Section 10(50) of the Income Tax Act, 1961 provides for exemption from income tax in the hands of a non-resident...
According to Section 10(7), allowances or perquisites received by an employee outside of India for rendering...
Section 10(2) of the Income Tax Act, 1961, provides a tax exemption for sums received by a member of...
A Notified Institution refers to any entity or body corporate established by the Central Government or...
In the following Cases, Instances of Agricultural and Non-Agricultural Incomes are described in details...
Section 194LBC of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on income distributed...
The authority vested in officers for search and seizure is a crucial aspect of upholding tax laws and...
Here’s a detailed explanation of tax relief under Section 89(1) read with Rule 21A of the Income Tax...
1. Who is Liable?
Every taxpayer(individuals, HUFs, companies, firms, etc.) whose estimated tax liability for...
1. Perquisites [(Section 17(2)]-Definition
Section 17(2) of the Income-tax Act, 1961 gives an inclusive...
Section 10(4) of the Income Tax Act, 1961 in India provides an exemption for certain types of interest...
Section 10(12B) of the Income Tax Act, 1961 provides tax exemption to partial withdrawals from the National...
1. Introduction to Section 80CCD
Section 80CCD of the Indian Income Tax Act, 1961, provides for deductions...
Section 10(12A) of the Income Tax Act, 1961 provides that any amount received by an individual from the...
An individual may either be a:
(a) Resident in India; or
(b) Deemed to be Resident In India...
Certain BCD exemptions entries under S No. 50/2017-Customs dated 30.6.2017 and other notifications are...
Circular No. 01/2025 [F. No. 500/05/2020/FT&TR-II] Dated 21st January, 2025
Government of India
Ministry...
In the context of the Goods and Services Tax (GST), the term “non-supplies” refers to transactions...
Here’s a detailed analysis of Section 275 of the Income Tax Act, 1961, which governs the time limits...