Section 192 mandates employers to deduct Tax Deducted at Source (TDS) from employees’ salaries...
Section 10(10B) of the Income Tax Act, 1961 provides important tax relief for workmen who receive compensation...
According to Section 10(7), allowances or perquisites received by an employee outside of India for rendering...
1. What is PAN?
PAN stands for Permanent Account Number. PAN is a ten-digit unique alphanumeric number...
1. Overview
When a taxpayer fails to pay advance tax voluntarily, the Assessing Officer (AO) can issue...
1. Understanding the Principle of Mutuality
The principle of mutuality relates to the notion that a person...
Section 10(4H) of the Income Tax Act, 1961 in India provides an exemption for certain income earned by...
Under the Goods and Services Tax (GST) regime, Goods Transport Agency (GTA) and EWAY BILL are critical...
Confused About Blocked ITC Credits under GST Section 17(5) ? Learn The 6 Major Categories, Real Controversies,...
Section 234H of the Income Tax Act, 1961 imposes a fee for failure to intimate/link one’s Aadhaar...
The Income Tax Appellate Tribunal (ITAT) is the final fact-finding authority under the Income Tax Act,...
Section 10(23BBA) of the Income Tax Act provides a tax exemption for the income of any body or authority...
Purpose:
This section provides a 100% tax exemption to foreign companies on income earned from leasing cruise...
Section 158AA of the Income Tax Act, 1961 (inserted via Finance Act, 2015) provides a mechanism to prevent...
Under Section 251 of the Income Tax Act, 1961, the Commissioner of Income Tax (Appeals) [CIT(A)] has wide-ranging...
Section 194C of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made to resident...
As per Section 54D, the Capital Gain arising from the transfer, by way of compulsory acquisition under...
Section 283 of the Income Tax Act, 1961, provides special rules for serving notices when:
A Hindu Undivided...
Here’s a detailed breakdown of Section 271AAD of the Income Tax Act, 1961, which imposes penalties for...
Section 167 of the Finance Act, 2016 (Chapter VIII) governs the furnishing of statements for the Equalisation...