1. Enabling the Commissioner (Appeals) to levy Penalty under Section 271AAB. 271AAC and 271AAD of the...
Section 92 of The Income Tax Act 1961, states that any income, expenditure interest & allocation...
Section 10(10C) of the Income Tax Act provides an exemption to employees who receive a certain amount...
Section 10(10CC) of the Income Tax Act, 1961 deals with the taxation of non-monetary perquisites provided...
Under the Explanation to Section 139(9) of the Income Tax Act, 1961, a return is considered defective if...
1. When Does This Apply?
When the taxpayer calculates their own advance tax liability(not based on the...
Understanding Section 10(10)
Section 10(10) provides tax exemption on gratuity payments received by employees....
Section 194B of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on winnings from games...
Here’s a detailed analysis of Section 278AB of the Income Tax Act, 1961, which empowers the Principal...
1. Scope of Section 56(2)(id)
This provision covers interest income from securities when:
Not chargeable...
These sections govern how notices, summons, orders, and other communications must be served by the Income...
Short Answer: No, the Annual Value (AV) or Net Annual Value (NAV) of a property cannot be negative under...
1. Investment in Sukanya Samriddhi Yojana for Tax Saving for AY 2022-23 & 2023-24
Sukanya Samriddhi...
Section 10(44) of the Income Tax Act, 1961 provides for exemption from income tax in India in respect...
Special Provisions for computing Business income in certain cases on the basis of Estimated Income Method...
Agricultural income holds a special position in India’s taxation system, with specific exemptions...
Section 194D of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made as insurance...
Section 56(2)(viib) of the Income Tax Act, 1961, is a provision that pertains to closely-held companies...
Under Section 10(17A) of the Income Tax Act, any award or reward received by an individual in recognition...
Here’s a consolidated table of the revised TDS threshold limits effective from April 1, 2025, based on...