Section 234A(3) of the Income Tax Act, 1961, deals with interest payable when an assessee fails to file...
Section 10(46) of the Income Tax Act, 1961 provides for exemption from income tax of the specified income...
Overview
Section 157A of the Income Tax Act, 1961, was introduced to empower the Central Government to...
Section 10(24) of the Income Tax Act provides a tax exemption for certain types of income earned by registered...
Section 10(6) of the Income Tax Act, 1961 provides tax exemptions for certain types of remuneration received...
1. Provisions of Section 79 not to apply In case of Strategic Disinvestment of Public Sector Companies...
Section 10(11) of the Income Tax Act provides tax exemption on withdrawals from a Statutory Provident...
Here’s a detailed breakdown of fully taxable allowances for the computation of salary income in India,...
The Government of India’s Department of Posts, Ministry of Communications, offers fixed deposit accounts...
Under the Indian Income Tax Act, 1961, the taxability of income from letting out of machinery, plant,...
The Income Tax Act, 1961 governs the taxation of companies in India, outlining rules for computation,...
Sukanya Samriddhi Account is a Government of India backed saving scheme targeted at the parents of girl...
Section 132B governs how assets seized under Section 132 or requisitioned under Section 132A are to be utilized,...
Pensions are fixed sums of money that individuals receive at regular intervals after retirement. They...
Purpose:
This section provides a full tax exemption on any scholarship granted to meet educational expenses,...
Section 9 of the Income Tax Act, 1961, is a critical provision that determines when income is considered...
1. Legal Status of Default
Deductor becomes “Assessee in Default”for:
Failure to deduct...
Retrenchment compensation received by an employee due to termination of employment is partially exempt from...
Section 143(1) of the Income Tax Act, 1961 governs the automated processing of income tax returns by...
Section 293D empowers the Central Government to implement a faceless (digital) scheme for granting approvals...