Here’s a detailed breakdown of fully taxable allowances for the computation of salary income in India,...
Section 194J of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made for professional...
The Finance (No. 2) Bill, 2024, has introduced several significant amendments to the capital gains tax...
Where any person receives at any time during any previous year any money or other assets under an insurance...
Section 25A of the Income Tax Act, 1961, governs the tax treatment of arrears of rent (unpaid rent recovered...
Section 80DD of the Income Tax Act in India provides a deduction for individuals or Hindu Undivided Families...
Circular No. 03/2025 [F. No. 275/107/2024-IT(B)] Dated 20th February, 2025
Government of India
Ministry...
1. Core Principle (Tax Credit Mechanism)
Shield for Taxpayers: When tax has been duly deducted at source...
Section 230 of the Income Tax Act, 1961 mandates certain individuals to obtain a Tax Clearance Certificate...
1. Introduction to Section 80CCD
Section 80CCD of the Indian Income Tax Act, 1961, provides for deductions...
Insertion of new section 8A.
153. In the Goods and Services Tax (Compensation to States) Act, 2017 (15...
Under Section 139C of the Income Tax Act, 1961, the Central Board of Direct Taxes (CBDT) has the authority...
Under the Income Tax Act, individuals and Hindu Undivided Families (HUFs) have the option to be taxed...
Section 10(10C) of the Income Tax Act provides an exemption to employees who receive a certain amount...
Revocation of Cancellation of Registration under GST is a process that allows a taxpayer to restore their...
Section 10(13A) of the Income Tax Act, 1961 provides an exemption for the House Rent Allowance (HRA) received...
Interest incomes which are exempt under section 10(15) could be explained with the help of the following...
Tax on distributed income of domestic company for buy-back of shares
Special provisions relating to tax...
Explanation (iv) to Section 48 of the Income Tax Act, 1961, governs the indexation of improvement costs for...
Section 80TTB of the Income Tax Act, 1961 provides a special deduction to senior citizens in respect...