Start-ups in India can benefit from significant tax exemptions under Section 80-IAC of the Income-tax...
Section 10(46) of the Income Tax Act, 1961 provides for exemption from income tax of the specified income...
Section 234B(3) deals with the recalculation of interest under Section 234B when the assessed tax is...
Section 196C of the Income Tax Act, 1961 mandates Tax Deducted at Source (TDS) on income paid to non-residents (including...
Section 144B introduces a technology-driven, faceless assessment scheme to eliminate human interface,...
The Goods and Services Tax (GST), a comprehensive indirect tax system, has been a transformative step...
Section 115F of the Income Tax Act, 1961, provides a tax exemption to Non-Resident Indians (NRIs) on long-term...
Section 10(6A) of the Income Tax Act, 1961, provides a tax exemption to foreign companies on income earned...
(1) Unit Linked Insurance Policies (ULIPs) have gained popularity as a dual investment-cum-insurance...
Section 10(26) of the Income Tax Act provides special provisions for the income of a member of a Scheduled...
1. Income Tax Law
An understanding of the Income-tax law requires a study of the following:
(I) ...
Under Section 10(17A) of the Income Tax Act, any award or reward received by an individual in recognition...
Section 10(10B) of the Income Tax Act in India provides an exemption for compensation received by employees...
Special Provisions for computing Business income in certain cases on the basis of Estimated Income Method...
as per Part “C” of Schedule II of the Companies Act, 2013 after making following assumptions:
The...
1. What is equalization levy (EL)?
This is a tax leviable on consideration received or receivable by...
The Income Tax Act provides multiple exemptions to reduce or eliminate capital gains tax liability if...
The provisions of Finance (No. 2) Bill, 2024 (hereafter referred to as “the Bill”), relating...
1. Business [Section 2(13)]
Business includes:
Any trade, commerce, or manufacturing activity;
Any adventure...
Section 10(4F) of the Income Tax Act, 1961 in India provides an exemption for income earned by a non-resident...