(1) Introduction to Section-72
Section 72, which deals with the carry forward and set off of business...
Section 10(12B) of the Income Tax Act, 1961 provides tax exemptions on partial withdrawals from the National...
Basic Rule
Under Section 64(1A), all income of a minor child (below 18 years) is automatically clubbed with...
S.O. 1905(E) – In exercise of the powers conferred by sub-section (1) and sub-section (2) of section...
When a property is partly self-occupied (SOP) and partly let out (LOP), the Income Tax Act treats it...
Notification No. 05/2025 [F. No. 300196/37/2019-ITA-I] Dated 3nd January, 2025
MINISTRY OF FINANCE
(Department...
Section 10(48) of the Income Tax Act provides an exemption in respect of income received by certain foreign...
Section 22 of the Income Tax Act, 1961, defines when and how income from house property becomes taxable.
1....
Circular No. 03/2025 [F. No. 275/107/2024-IT(B)] Dated 20th February, 2025
Government of India
Ministry...
A Notified Institution refers to any entity or body corporate established by the Central Government or...
Section 26 of the Income Tax Act governs the taxation of income from properties jointly owned by two...
Rule 12 of the Income Tax Rules, 1962, prescribes the forms, conditions, and procedures for filing income...
Introduction:
Section 67 of the Central Goods and Services Tax (CGST) Act, 2017, deals with the power...
Section 72 of the Income Tax Act, 1961, governs the carry forward and set-off of business losses, allowing...
Section 73 of the Income Tax Act, 1961, governs the treatment of speculation business losses, imposing...
Section 9, Income Accrue or Deemed to Accrue or Arise in India :
Section 9 describes the Incomes which...
Under the Income Tax Act, 1961, if a taxpayer or the Income Tax Department is dissatisfied with an order...
Section 154 of the Income Tax Act, 1961, allows the Assessing Officer (AO), Commissioner (Appeals), or...
Under the Goods and Services Tax (GST) regime, Goods Transport Agency (GTA) and EWAY BILL are critical...
An Income Tax Survey is a legal procedure under Section 133A of the Income Tax Act, 1961, where tax authorities...