Section 132 of the Income Tax Act, 1961, empowers the Income Tax Department to conduct search and seizure...
(A) In the case of every Individual or Hindu Undivided Family (HUF) (A1) If the individual...
Understanding the intricacies of advance tax and self-assessment tax is crucial for both compliance and...
Provisions and Amendments Relating to Direct Tax Vivad se Vishwas Scheme, 2024 The Income-tax Act, 1961...
Trade unions play a crucial role in protecting the rights and interests of workers. They negotiate with...
The Income Tax Bill 2025 will come into effect from April 1, 2026, after it is vetted by a Select Committee...
(1) Introduction to Section-72 Section 72, which deals with the carry forward and set off of business...
Circular No. 03/2025 [F. No. 275/107/2024-IT(B)] Dated 20th February, 2025 Government of India Ministry...
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1. Documents Required to Apply for NRI PAN Card As a Non-Resident Indian (NRI), obtaining a Permanent...
The Inverted Duty Structure (IDS) under the Goods and Services Tax (GST) regime is a situation where...
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Developmental financing institutions play a crucial role in promoting economic growth and development...
S.O. 1905(E) – In exercise of the powers conferred by sub-section (1) and sub-section (2) of section...
An Association of Persons (AOP), whether incorporated or not, is treated as a `person` under section...
Section 10(10A) of the Income Tax Act in India relates to the tax treatment of payments made in commutation...
As already discussed, motor car/other vehicles, provided by the employer, is a perquisite only for specified...
According to Section 10(2A), any share of profit received by a partner from a firm is exempt from tax....
Exemption of amount received by an individual as Loan under Reverse Mortgage Scheme [Section 10(43)]
Reverse mortgage is a financial scheme that allows senior citizens to convert their home equity into...
INTRODUCTION- The Goods and Services Tax (GST) is a comprehensive and multi-stage tax system that aims...
Ministry of Finance HIGHLIGHTS OF THE UNION BUDGET 2024-25 Posted On: 23 JUL 2024 1:17PM by PIB Delhi...
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1. Scope of Total Income / Incidence of Tax [Section 5] Total income of an assessee cannot be computed...