Ministry of Finance
HIGHLIGHTS OF UNION BUDGET 2025-26
Posted On: 01 FEB 2025 1:29PM by PIB Delhi
PART...
Introduction:
Section 67 of the Central Goods and Services Tax (CGST) Act, 2017, deals with the power...
Introduction
The Goods and Services Tax (GST) registration process in India has seen a significant shift...
Introduction
The Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax...
Certain BCD exemptions entries under S No. 50/2017-Customs dated 30.6.2017 and other notifications are...
Purpose:
This section provides a tax exemption on family pension received by the widow or children of...
Applicable to: Individual taxpayers
This section provides a deduction for interest paid on loans taken...
Section 268 of the Income Tax Act, 1961 provides a relief mechanism for taxpayers and the tax department...
Under Section 139C of the Income Tax Act, 1961, the Central Board of Direct Taxes (CBDT) has the authority...
Section 285BB of the Income Tax Act, 1961, mandates the Income Tax Department to provide taxpayers with...
Here’s a detailed breakdown of the penalties for failure to deduct or pay Equalisation Levy (EL) under Section...
Order No. [F. No. 225/235/2024/ITA-II] Dated 31st January, 2025
MINISTRY OF FINANCE
(Department of Revenue)
Order...
Section 115F of the Income Tax Act, 1961, provides a tax exemption to Non-Resident Indians (NRIs) on long-term...
Provisions and Amendments Relating to Direct Tax Vivad se Vishwas Scheme, 2024
The Income-tax Act, 1961...
Tax Audit Forms
The Incomes prescribed two types of forms for tax audit:
Audit Report:
The audit report...
Tax on Non-Agricultural Income with partial Agricultural Income
As already discussed, there is no tax...
1. Clarification in respect of Disallowance under Section 14A in absence of any Exempt Income during...
1. Core Principle (Tax Credit Mechanism)
Shield for Taxpayers: When tax has been duly deducted at source...
List of all Other Deductions which are specified under section 36 of the Indian Income Tax Act,1961,...
Section 80U of the Income Tax Act provides relief to individuals with disabilities by allowing them to...