Under Section 23(2) to (4) of the Income Tax Act, 1961, a self-occupied residential property (SOP) is...
Section 167 of the Finance Act, 2016 (Chapter VIII) governs the furnishing of statements for the Equalisation...
Here’s a structured overview of Collection of Tax at Lower Rate under Section 206C(9), (10), (11)...
Section 54H of the Income Tax Act, 1961, provides an extension of the reinvestment period for claiming...
Purpose:
This section provides tax exemption to professional associations (like medical councils, bar...
Government of India
Department of Revenue
Ministry of Finance
Central Board of Direct Taxes
New Delhi,...
When non-residents (NRIs/Foreign Investors) transfer shares/debentures of Indian companies, special tax...
Section 54G of the Income Tax Act, 1961, provides tax exemption on capital gains arising from the transfer...
Get Startup Tax Exemption India guidance under Section 80-IAC. Claim a 100% tax holiday for 3 years with...
The Sukanya Samriddhi Account is a popular savings scheme in India that aims to promote the education...
Section 73 of the Income Tax Act, 1961, governs the treatment of speculation business losses, imposing...
Cases or situations of Tax Relief under section Section 89/Rule 21A when Salary is Paid in Arrears or...
Section 10(25A) of the Income Tax Act provides a complete tax exemption for any income of the Employees’...
Under the Income Tax Act, 1961, taxpayers have several remedies against orders passed by the Commissioner...
as per Part “C” of Schedule II of the Companies Act, 2013 after making following assumptions:
The...
Section 10(20) of the Income Tax Act, 1961 provides exemption from income tax for the income of a local...
1. Overview
Section 293C of the Income Tax Act, 1961 empowers the Central Government to withdraw approvals...
Under Section 239 of the Income Tax Act, 1961, and related provisions, here are the key details regarding...
The Finance (No. 2) Bill, 2024, has introduced several significant amendments to the capital gains tax...
Section 10(30) of the Income Tax Act provides a tax exemption for subsidies received by tea growers and...