Section 80DDB of the Income Tax Act in India provides a deduction for individuals and Hindu Undivided...
Applicable to: Individuals (Salaried & Self-Employed)
This section provides tax benefits for contributions...
Understanding Section 10(10A)
Section 10(10A) provides tax exemption for commuted pension amounts received...
Section 10(26) of the Income Tax Act provides a tax exemption for members of Scheduled Tribes residing...
Section 132A empowers the Income Tax Department to requisition (take custody of) books of account, documents,...
Section 10(32) of the Income Tax Act provides a modest exemption when a minor child’s income is clubbed...
When it comes to investing in mutual funds, it is important to understand the various tax implications....
Amendment of section 7.
151. In the Union Territory Goods and Services Tax Act, 2017 (14 of 2017.) (hereinafter...
The Capital Gains Accounts Scheme (CGAS) 1988 is a scheme under the Income Tax Act, 1961, in India. It...
Special Economic Zones (SEZs) have emerged as key drivers of economic growth and development in many...
Here’s a detailed overview of Return of Income and Procedure of Assessment (Sections 139 to 154) under...
The Finance (No. 2) Bill, 2024, has introduced several significant amendments to the capital gains tax...
Section 219 of the Income Tax Act, 1961 governs how advance tax payments are credited against a taxpayer’s...
Here’s a detailed explanation of Penalty under Section 271AAB(1A) of the Income Tax Act, 1961, applicable...
1. Understanding of Section 80-IBA
Section 80-IBA of the Income Tax Act, 1961, provides a deduction...
Provisions and Amendments Relating to Direct Tax Vivad se Vishwas Scheme, 2024
The Income-tax Act, 1961...
1. General Rule for All Non-Company Entities [Section 6(2)]
The residential status of Firms, AOPs, BOIs,...
Under the Income Tax Rules/ Act, certain taxpayers are required to get their accounts audited and submit...
Section 18 of the Central Goods and Services Tax (CGST) Act, 2017, deals with the availability and eligibility...
Income tax laws in India provide various deductions and exemptions to taxpayers, helping them reduce...