Leave salary, or leave encashment, refers to the payment an employee receives for unused leave days....
Section 65: Audit By Tax Authorities:
Understanding the intricate process of GST audits, as outlined...
Applicable to: Individuals & HUFs
This section provides tax relief for expenses incurred on the care...
Section 10(26) of the Income Tax Act provides special provisions for the income of a member of a Scheduled...
1. Understanding of Section 80-IBA
Section 80-IBA of the Income Tax Act, 1961, provides a deduction...
Section 194D of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made as insurance...
Section 10(23BBF) of the Income Tax Act provides a phased tax exemption for the North-Eastern Development...
A. Changes in Basic Customs Duty (to be effective from 24.07.2024)
S. No.
Chapter, Heading, sub-...
While the income from other sources is taxable, there are certain amounts that are not deductible while...
The Income Tax Act, 1961, provides a special procedure for assessments in search cases to ensure thorough...
Section 115JB(4) of the Income Tax Act, 1961, mandates that companies liable for Minimum Alternate Tax...
Section 194Q of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made by buyers to resident...
Section 206C of the Act provides for tax collection at source (TCS) on business of trading in alcoholic...
1. Statutory Framework
Section 5 defines the scope of total income based on the taxpayer’s residential...
Section 18 of the Central Goods and Services Tax (CGST) Act, 2017, deals with the availability and eligibility...
Section 194J of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made for professional...
It was introduced under chapter VIII of Finance Act, 2016. This chapter came in to force from 1st June,...
1. Legal Requirement
Section 206Amandates specified entities to file statements for payments made to...
The Income Tax Act, 1961 contains provisions related to search, seizure, survey, and special procedures...
Applicable to: Salaried (without HRA) & Self-Employed Individuals
This section provides tax relief...