Section 139(1) of the Income Tax Act, 1961, lays down the rules for who must file an Income Tax Return...
Section 74 of the Income Tax Act, 1961 governs the treatment of capital losses, providing specific rules...
Applicable to: Developers of Affordable Housing Projects
This section provides a 100% tax exemption on...
Section 194K of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on income distributed...
Under Section 10(35A) of the Act, any income received by an investor from a securitisation trust is exempt...
The Income Tax Act, 1961, allows for the waiver or reduction of interest in certain cases, primarily...
Section 10(10B) of the Income Tax Act in India provides an exemption for compensation received by employees...
When an employer provides accommodation in a hotel, guest house, or similar facility, its taxability...
Notification No. 09/2025 [F. No. 370142/18/2024-TPL] Dated 21th January, 2025
MINISTRY OF FINANCE
(Department...
(1) When a company goes into liquidation, it is important to understand the implications it can...
The Finance (No. 2) Bill, 2024, introduces significant amendments to the Central Goods and Services Tax...
Here’s a detailed breakdown of the collection and recovery of Equalisation Levy (EL) under Sections 166...
Here’s a detailed breakdown of the penalties for failure to deduct or pay Equalisation Levy (EL) under Section...
As already discussed, motor car/other vehicles, provided by the employer, is a perquisite only for specified...
The Goods and Services Tax (GST) Act is a comprehensive legislation that governs the taxation of goods...
The Goods and Services Tax (GST), a comprehensive indirect tax system, has been a transformative step...
1. Legal Provision
Section 206C(4)ensures that the buyer (collectee) receives credit for the TCS amount...
Here’s a comprehensive analysis of Section 56(2)(viib) of the Income Tax Act, 1961, which taxes share...
Death-cum-Retirement Gratuity is an important financial benefit provided to employees in India. It is...
Trade unions play a crucial role in protecting the rights and interests of workers. They negotiate with...