1. Rationalization of provisions of TDS on sale of immovable property [Section 194-IA amended w.e.f....
1. Definition & Applicability
Entertainment Allowance is a special allowance given to employees to...
Section 72A of the Income Tax Act, 1961, provides exceptional relief for companies undergoing restructuring...
Under the Income Tax Act, 1961, the Principal Chief Commissioner (PCCIT), Chief Commissioner (CCIT),...
Section 147 of the Income Tax Act, 1961, deals with the reassessment of income if the Assessing Officer...
Section 80TTA of the Income Tax Act, 1961 provides for a deduction in respect of interest on deposits...
Section 10(23ED) of the Income Tax Act provides a tax exemption for income received by an Investor Protection...
Here’s a structured overview of Collection of Tax at Lower Rate under Section 206C(9), (10), (11)...
Section 10(12A) of the Income Tax Act, 1961 provides that any amount received by an individual from the...
1. Overview
Section 115BBD provided a concessional tax rate of 15% (plus surcharge and cess) on dividends...
1. Legal Status of Default
Deductor becomes “Assessee in Default”for:
Failure to deduct...
Yes, a tax audit under Section 44AB is compulsory even if the accounts are already audited under:
Other...
Section 194LD of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest income paid...
Under Section 246A of the Income Tax Act, 1961, taxpayers can file an appeal before the Commissioner...
The Sukanya Samriddhi Account is a popular savings scheme in India that aims to promote the education...
Political parties play a crucial role in any democratic society. They serve as the voice of the people,...
1. Importance of Residential Status
Residential status determines:
Which incomes are taxable in India...
Provisions and Amendments Relating to Direct Tax Vivad se Vishwas Scheme, 2024
The Income-tax Act, 1961...
The Goods and Services Tax framework has undergone significant transformations since its implementation...
Business trusts have gained popularity in recent years as a unique investment vehicle. They offer investors...