Section 194LBC of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on income distributed...
Section 195A of the Income Tax Act, 1961, governs scenarios where the payer agrees to bear the tax liability on...
Section 10(46) of the Income Tax Act, 1961 provides for exemption from income tax of the specified income...
Unit Linked Insurance Plans (ULIPs) are a unique financial product that offers the dual benefits of life...
Under the Income Tax Act, 1961, individuals and Hindu Undivided Families (HUFs) can claim exemptions...
Applicable to: Registered Cooperative Societies
This section provides full or partial tax exemptions to...
Cases or situations of Tax Relief under section Section 89/Rule 21A when Salary is Paid in Arrears or...
1. Overview
Under Section 210(1) of the Income Tax Act, 1961, taxpayers liable for advance tax must voluntarily...
Income from salaries is taxable under Sections 15-17 of the Income Tax Act, 1961. It includes all remuneration...
Section 54F of the Income Tax Act, 1961, provides tax exemption on long-term capital gains (LTCG) from...
Here’s a detailed overview of Return of Income and Procedure of Assessment (Sections 139 to 154) under...
Section 196A of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income paid to non-residents (including foreign...
Here’s a structured summary of the key amendments related to deduction on remuneration paid to partners introduced...
Section 55(2) of the Income Tax Act, 1961, provides crucial rules for determining the cost of acquisition of...
A survey under Section 133A of the Income Tax Act, 1961 is a legal procedure allowing income-tax authorities...
Applicable to: Indian Resident Individuals (Inventors/Patent Holders)
This section provides tax relief...
1. Provisions of Section 79 not to apply In case of Strategic Disinvestment of Public Sector Companies...
The Goods and Services Tax (GST), a comprehensive indirect tax system, has been a transformative step...
Order No. [F. No. 225/17/2025-ITA-II] Dated 28th January, 2025
MINISTRY OF FINANCE
(Department of Revenue)
To
All...
Under Section 54G, the Exemption is available to all categories of assessees in respect of Capital Gain...