Navigating the complexities of Goods and Services Tax (GST) can be challenging for businesses, especially...
Here’s a detailed analysis of the taxability of forfeited advance money for transfer of capital assets...
Here’s a detailed explanation of the Procedure for Imposing Penalty under Section 274 of the Income Tax...
Section 194LBA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on specific income...
The Inverted Duty Structure (IDS) under the Goods and Services Tax (GST) regime is a situation where...
Applicable to: Banks/Financial Institutions operating in IFSCs (e.g., GIFT City)
This section provides 100%...
A Post Office Savings Account is one of the most popular and accessible savings accounts in India.
The...
The Income Tax Act, 1961, allows for the waiver or reduction of interest in certain cases, primarily...
Income chargeable under the head “Income from house property” shall be computed after making...
Under the Income Tax Act, 1961, the Principal Chief Commissioner (PCCIT), Chief Commissioner (CCIT),...
1. Gratuity
Gratuity is a payment made by the employer to an employee in appreciation of the past services...
Investment planning is an essential aspect of financial management, especially for middle-class families....
Section 139(5) of the Income Tax Act, 1961, allows taxpayers to correct errors or omissions in their...
Section 10(23FB) of the Income Tax Act provides a tax exemption for income earned by a Venture Capital...
(A) In the case of every Individual or Hindu Undivided Family (HUF)
(A1) If the individual or HUF...
Section 10(10D) of the Income Tax Act, 1961, provides tax exemption on the sum received under a life...
1. Provision by the employer of services of a Sweeper, a Gardener, a Watchman or Personal Attendant...
Section 132 of the Income Tax Act, 1961, empowers the Income Tax Department to conduct search and seizure...
Section 10(19) of the Income Tax Act provides an exemption for the family pension received by the family...