Leave encashment refers to the practice of converting accumulated leave into cash. Many organizations...
Section 264B of the Income Tax Act, 1961, pertains to the faceless effect of orders passed under the...
Section 230 of the Income Tax Act, 1961 mandates certain individuals to obtain a Tax Clearance Certificate...
Introduction
The Goods and Services Tax (GST) registration process in India has seen a significant shift...
Section 164(2) of the Income Tax Act, 1961, deals with the taxation of discretionary trusts, including charitable...
1. Overview of Section 58
Section 58 specifies expenses that cannot be deducted while computing taxable...
Here’s a detailed analysis of Section 273A of the Income Tax Act, 1961, which empowers tax authorities...
As per Part “C” of Schedule II of the Companies Act, 2013 after making following assumptions:
The...
Under Section 261 of the Income Tax Act, 1961, an appeal can be filed before the Supreme Court of India against...
Section 10(6BB) of the Income Tax Act, 1961 provides a tax exemption to foreign governments or foreign...
Explanation (iv) to Section 48 of the Income Tax Act, 1961, governs the indexation of improvement costs for...
Tax Audit Forms
The Incomes prescribed two types of forms for tax audit:
Audit Report:
The audit report...
Section 220(2) of the Income Tax Act, 1961, imposes interest @ 1% per month on unpaid tax demands if...
Agricultural income and its tax treatment in India fall under Section 10(1) of the Income Tax Act, 1961....
Section 10(2A) of the Income Tax Act, 1961 in India exempts a partner’s share in the total income...
Section 10(23FB) of the Income Tax Act provides a tax exemption for income earned by a Venture Capital...
An Income Tax Survey is a legal procedure under Section 133A of the Income Tax Act, 1961, where tax authorities...
Section 196 of the Income Tax Act, 1961 provides an exemption from Tax Deducted at Source (TDS) for payments...
1. Overview
Legal Provision: Allows TCS collectorsto file a correction statement to rectify errors in...
Ministry of Finance
HIGHLIGHTS OF THE UNION BUDGET 2024-25
Posted On: 23 JUL 2024 1:17PM by PIB Delhi
The...