Section 13 of the Income Tax Act, 1961 specifies situations where the tax exemptions under Section 11...
Unrealised rent refers to rental income that is due but not received from a tenant. The Income Tax Act,...
Here’s a detailed breakdown of the penalties for failure to deduct or pay Equalisation Levy (EL) under Section...
Section 115BAB of the Income Tax Act, 1961 provides a concessional tax rate of 15% (plus surcharge &...
Chapter VI-A of the Income Tax Act, 1961, provides various deductions from Gross Total Income (GTI) to...
Section 10(4H) of the Income Tax Act, 1961 in India provides an exemption for certain income earned by...
Under Section 17(2) of the Income Tax Act, 1961, certain perquisites are taxable only for “specified...
Section 10(34A) of the Income Tax Act provides a tax exemption for shareholders on income received from...
Section 10(6B) of the Income Tax Act, 1961, provides a tax exemption to non-residents (including foreign...
Section 10(23C) of the Income Tax Act provides tax exemption to certain funds, institutions, universities,...
Under the Explanation to section 288(2), an “accountant” means a chartered accountant within...
Pension is a periodic payment made to an employee after retirement. Under Section 17(1)(ii) of the Income...
Section 264B of the Income Tax Act, 1961, pertains to the faceless effect of orders passed under the...
The Income Tax Act, 1961 allows charitable and religious trusts to apply for belated registration under Section...
Sukanya Samriddhi Account is a Government of India backed saving scheme targeted at the parents of girl...
Notification No. 07/2025 [F. No. 203/20/2024/ITA-II] Dated 14th January, 2025
MINISTRY OF FINANCE
(Department...
Under the Income Tax Act, individuals and Hindu Undivided Families (HUFs) have the option to be taxed...
Section 115BAA of the Income Tax Act, 1961 provides a concessional tax rate of 22% (plus surcharge &...
Under Section 261 of the Income Tax Act, 1961, an appeal can be filed before the Supreme Court of India against...
1. Provision by the employer of services of a Sweeper, a Gardener, a Watchman or Personal Attendant...