INTRODUCTION-
The Goods and Services Tax (GST) system has revolutionized taxation in India, streamlining...
The Government of India’s Department of Posts, Ministry of Communications, offers fixed deposit accounts...
1. [Section 80C]: Deduction in respect of Life Insurance Premium, Deferred Annuity, Contributions to...
1. Individual and HUF Applicants who are Citizens of India and Located Within and Outside India at the...
When a disaster strikes, it can cause immense damage to life and property. In such difficult times, the...
Section 241A allows the Income Tax Department to withhold refunds in certain cases, even if a taxpayer...
Here’s a detailed analysis of the tax treatment of family pension payments received by legal heirs of...
Section 10(6B) of the Income Tax Act, 1961, provides a tax exemption to non-residents (including foreign...
As already discussed, motor car/other vehicles, provided by the employer, is a perquisite only for specified...
Applicable to: *Farmer Producer Companies (FPCs) registered under Companies Act, 1956/2013*
This section...
Section 10(23BBG) of the Income Tax Act provides a full tax exemption for the income of the Central Electricity...
Section 198 of the Income Tax Act, 1961 establishes a fundamental principle that any tax deducted at...
Section 245MA of the Income Tax Act, 1961, introduces a faceless dispute resolution mechanism for small...
1. Computation of Income under the head Income from “Salaries”
The first head of income is...
Section 18 of the Central Goods and Services Tax (CGST) Act, 2017, deals with the availability and eligibility...
SCSS is a savings product available for senior citizens aged 60 or above. On the date of opening an SCSS...
Introduced by the Finance Act, 2023, these provisions impose a “Ceasing Tax” on charitable/religious...
Section 10(23FBC) of the Income Tax Act provides a tax exemption for income earned by a unit holder from...
Section 70 of the Income Tax Act, 1961, allows taxpayers to adjust losses from one source against income...
1. Overview
Introduced: Finance Act 2021 (effective from 1st July 2021).
Purpose: Imposes higher Tax...