Section 241A allows the Income Tax Department to withhold refunds in certain cases, even if a taxpayer...
1. Section 80-IAC: Deduction in respect of Eligible Business or Eligible Start Up
Understanding of Section...
Income arising to a shareholder on account of Buy Back of Shares is governed by Section 10(34A) of the...
Section 195A of the Income Tax Act, 1961, governs scenarios where the payer agrees to bear the tax liability on...
Under Section 239 of the Income Tax Act, 1961, and related provisions, here are the key details regarding...
In the era of GST, the removal of check posts nationwide aimed to streamline the movement of goods within...
A. Legislative Changes in Customs Laws
A.1 Amendments in the Customs Act, 1962
(i) Section 28 DA is being...
Under Section 56(2)(ib) of the Indian Income Tax Act, 1961, income from winnings is subject to taxation....
A scrutiny (regular) assessment under Section 143(3) is a comprehensive evaluation of a taxpayer’s return...
The Finance (No. 2) Bill, 2024, has introduced several significant amendments to the capital gains tax...
Section 283 of the Income Tax Act, 1961, provides special rules for serving notices when:
A Hindu Undivided...
Section 10(4D) of the Income Tax Act, 1961 in India provides an exemption for certain income earned by...
Section 285BA of the Income Tax Act, 1961, mandates specified entities to report high-value financial...
Under Section 10(18) of the Income Tax Act, certain awardees and their family members are eligible for...
1. Overview
Section 293C of the Income Tax Act, 1961 empowers the Central Government to withdraw approvals...
Section 145 of the Income Tax Act, 1961 governs the method of accounting for computing taxable income...
Overview
Section 157A of the Income Tax Act, 1961, was introduced to empower the Central Government to...
Here’s a structured overview of Collection of Tax at Lower Rate under Section 206C(9), (10), (11)...
Applicable to: *Farmer Producer Companies (FPCs) registered under Companies Act, 1956/2013*
This section...
Applicable to: All Individual & HUF Taxpayers
This section caps the total deductions available under...