Section 9A (Investment Fund Participation Rules):
Indirect investments by Indian residents in offshore...
(1) Unit Linked Insurance Policies (ULIPs) have gained popularity as a dual investment-cum-insurance...
Every person shall quote his permanent account number in all documents pertaining to the transactions...
Section 43B- Deductions Allowed only on Actual Payment -Profits and Gains of Business and Profession
Under Section 43B, some of the Expenses are allowed and can be claimed by the Assessee only in the year...
Under Section 139(4C) of the Income Tax Act, 1961, specific categories of non-profit entities must file...
GST Audit under Section 65 of the CGST Act, 2017 is conducted by the tax authorities to verify the correctness...
Section 74 of the Income Tax Act, 1961 governs the treatment of capital losses, providing specific rules...
Section 54EC of the Income Tax Act, 1961, provides tax exemption on long-term capital gains (LTCG) from...
Section 10(4H) of the Income Tax Act, 1961 in India provides an exemption for certain income earned by...
Start-ups in India can benefit from significant tax exemptions under Section 80-IAC of the Income-tax...
Section 80C of the Income Tax Act allows individuals to claim deductions on certain investments and expenses,...
Under Section 23(2) to (4) of the Income Tax Act, 1961, a self-occupied residential property (SOP) is...
Section 194Q of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made by buyers to resident...
Yes, a tax audit under Section 44AB is compulsory even if the accounts are already audited under:
Other...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
******
New...
Understanding the intricacies of advance tax and self-assessment tax is crucial for both compliance and...
Being a Member of Parliament (MP) or a Member of Legislative Assembly (MLA) is a position of great responsibility....
1. Applicability
Section 56(2)(ib) covers casual and non-recurring income from:
Lotteries(including...
Is one of the most well-known investment schemes offered by the India Post. While the scheme is open...
Section 142B of the Income Tax Act, 1961 empowers the Central Government to make schemes for faceless...