Tax Audit Forms The Incomes prescribed two types of forms for tax audit: Audit Report: The audit report...
Notification No. 09/2025 [F. No. 370142/18/2024-TPL] Dated 21th January, 2025 MINISTRY OF FINANCE (Department...
The Indian Income Tax Act, 1961, governs the taxation of various sources of income in India. One such...
Accommodation provided to the employee may be— (i) unfurnished (ii) furnished Further, such...
Gratuity is a payment made by the employer to an employee in appreciation of the past services rendered...
Section 10(10D) of the Income Tax Act deals with the tax treatment of the sum assured received from a...
According to Section 10(2A), any share of profit received by a partner from a firm is exempt from tax....
TDS on Salary (Section 192) and TDS on Provident Fund (Section 192A) are provisions under the Income...
Notification No. 03/2025 [F. No. 275/109/2024-IT(B)] Dated 2nd January, 2025 MINISTRY OF FINANCE (Department...
The Budget Speech for 2025-26 by Finance Minister Nirmala Sitharaman, presented in Parliament, outlines...
A. Purpose of CRS and FATCA In this globalized economy, tax transparency and compliance has become paramount...
Section 10(10CC) of the Income Tax Act, 1961, deals with the tax treatment of non-monetary perquisites...
The Supreme Court of India’s decision in the case of Chief Commissioner of Central Goods and Services...
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Any profits or gains arising from the transfer of a capital asset effected in the previous year, shall...
Sukanya Samriddhi Account is a Government of India backed saving scheme targeted at the parents of girl...
(1) Unit Linked Insurance Policies (ULIPs) have gained popularity as a dual investment-cum-insurance...
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1. Scope of Total Income / Incidence of Tax [Section 5] Total income of an assessee cannot be computed...
Section 10(48) of the Income Tax Act provides an exemption in respect of income received by certain foreign...
Long-term capital gain arising on the transfer of any capital asset being land or building or both is...
Section 10(22B) of the Income Tax Act, 1961, exempts the income of a specified news agency from tax....