Understanding Section 10(8)
Section 10(8) provides tax exemption for income received by:
Foreign technicians/experts
Employees...
Section 44ADA of the Income Tax Act, 1961 provides a simplified presumptive taxation scheme for eligible...
Section 54GA of the Income Tax Act, 1961, provides tax exemption on capital gains when a business relocates...
Section 10(25) of the Income Tax Act provides tax exemptions for income earned by various retirement-related...
Section 65 clarifies the tax liability of the transferee (recipient of income/assets) when income is...
Political parties play a crucial role in any democratic society. They serve as the voice of the people,...
Section 194E of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made to non-resident...
Section 268 of the Income Tax Act, 1961 provides a relief mechanism for taxpayers and the tax department...
Purpose:
This section provides a 100% tax exemption to foreign companies on income earned from leasing cruise...
Under the Income Tax Act, 1961, the Principal Chief Commissioner (PCCIT), Chief Commissioner (CCIT),...
Applicable to: Individuals, HUFs, Firms, AOPs, BOIs, and others (except companies)
This section provides...
I start with GST. It has decreased tax incidence on the common man; reduced compliance burden and logistics...
Gratuity is a payment made by the employer to an employee in appreciation of the past services rendered...
1. Source of the funds or any other sum provided by the lender to the borrower and credited in hooks...
Under Explanation 1(iii) to Section 115JB(2), companies can deduct the lower of:
Brought forward losses(as...
(1) When an asset is acquired by the government through the process of compulsory acquisition,...
Applicable to: *Individuals aged 60+ years (including NRIs)*
This section provides higher tax relief...
Section 10(4B) of the Income Tax Act, 1961 in India provides an exemption for interest income earned...
Under the Income Tax Act, 1961, the following business/profession expenses are expressly allowed as deductions...
Section 10(23FE) of the Income Tax Act provides an exemption in respect of certain income of wholly owned...