These sections govern how notices, summons, orders, and other communications must be served by the Income...
Section 10(12A) of the Income Tax Act, 1961 provides that any amount received by an individual from the...
Section 144A of the Income Tax Act, 1961, empowers the Joint Commissioner (JCIT) to intervene in pending...
Section 169 of the Finance Act, 2016 (Chapter VIII) governs the rectification of mistakes in the context...
Retirement benefits such as pension, gratuity, provident fund, and leave encashment are taxed differently...
Where any person receives at any time during any previous year any money or other assets under an insurance...
Section 154 of the Income Tax Act, 1961, allows the Assessing Officer (AO), Commissioner (Appeals), or...
Section 44AE of the Income Tax Act, 1961 provides a simplified presumptive taxation scheme for businesses...
1. Key Features of Section 69B
Objective: Targets underreported investmentswhere actual expenditure...
Permanent Account Number (PAN) is a unique ten-digit alphanumeric code issued by the Income Tax Department...
I start with GST. It has decreased tax incidence on the common man; reduced compliance burden and logistics...
The treatment of vouchers under GST has been a subject of debate due to their unique nature. This article...
Applicable to: Individual authors/researchers (Indian residents)
This section provides tax relief on royalty...
1. Legal Requirement
Section 206Amandates specified entities to file statements for payments made to...
Section 194LB of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest payments...
1. Scope of Total Income / Incidence of Tax [Section 5]
Total income of an assessee cannot be computed...
The Income Tax Appellate Tribunal (ITAT) derives its adjudicatory powers from Section 254 of the Income...
Section 194BB of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on winnings from horse...
Section 10(11) of the Income Tax Act provides tax exemption on withdrawals from a Statutory Provident...
Under the Income Tax Act, 1961, individuals and Hindu Undivided Families (HUFs) can claim exemptions...