If you missed the deadline to claim a tax refund, you may still file a delayed refund claim under specific...
In the intricate landscape of Goods and Services Tax (GST), the concepts of zero-rated supply and export...
Section 10(25A) of the Income Tax Act provides a complete tax exemption for any income of the Employees’...
Applicable to: Individual authors/researchers (Indian residents)
This section provides tax relief on royalty...
1. Allowances- Income under the head Salaries
Allowance is a fixed monetary amount paid by the employer...
Section 10(20) of the Income Tax Act, 1961 provides exemption from income tax for the income of a local...
Applicable to: Enterprises engaged in infrastructure, power, telecom, SEZs, etc.
This section provides 100%...
Here’s a detailed analysis of Section 139AA of the Income Tax Act, 1961, which mandates the quoting and...
Under Section 253 of the Income Tax Act, 1961, appeals can be filed before the Income Tax Appellate Tribunal...
Here’s a detailed explanation of Section 173 (Penalty Not to Be Imposed in Certain Cases) under the Equalisation...
Section 10(19A) of the Income Tax Act, 1961, exempts the annual value of one palace in the occupation...
Section 10(6D) provides a tax exemption to non-residents (other than foreign companies) on income received...
Here’s a detailed overview of Return of Income and Procedure of Assessment (Sections 139 to 154) under...
Here’s a detailed breakdown of Penalty under Section 271DA of the Income Tax Act, 1961, for failure to...
Section 10(23C) of the Income Tax Act, 1961 provides for the exemption of income of certain funds of...
The residential status of an individual is crucial for determining tax liability in India. It classifies...
Here’s a detailed explanation of Penalty under Section 271H of the Income Tax Act, 1961, which applies...
The treatment of vouchers under GST has been a subject of debate due to their unique nature. This article...
Section 10(48) of the Income Tax Act provides an exemption in respect of income received by certain foreign...
Unrealised rent refers to rental income that is due but not received from a tenant. The Income Tax Act,...