With the increasing concerns about climate change and the need to reduce pollution, there has been a...
Section 45(3) of the Indian Income Tax Act, 1961, deals with the taxation of capital gains arising from...
Employee Stock Option Plan (ESOP) has gained popularity as a tool for employee retention, especially...
The taxation of dividends in India has undergone significant changes over the years. This article aims...
Insertion of new section 8A. 153. In the Goods and Services Tax (Compensation to States) Act, 2017 (15...
1. Allowances- Income under the head Salaries Allowance is a fixed monetary amount paid by the employer...
Section 10(22B) of the Income Tax Act, 1961, exempts the income of a specified news agency from tax....
While the income from other sources is taxable, there are certain amounts that are not deductible while...
SCSS is a savings product available for senior citizens aged 60 or above. On the date of opening an SCSS...
Gratuity is a payment made by the employer to an employee in appreciation of the past services rendered...
Under the Income Tax Act, individuals and Hindu Undivided Families (HUFs) have the option to be taxed...
Leave encashment refers to the practice of converting accumulated leave into cash. Many organizations...
Unit Linked Insurance Plans (ULIPs) are a unique financial product that offers the dual benefits of life...
1. Introduction to Section 70 – The Indian Income Tax Act, 1961, provides various provisions for...
![EXEMPTED INCOMES [Section – 10, 10AA, 11 to 13A]](https://incometaxmanagement.in/wp-content/uploads/2023/09/Exempted-Incomes-Section-10.jpg)
1. Agricultural Income [Section 10(1)] As per Section 10(1) of the Income Tax Act, agricultural income...
Section 54GB of the Income Tax Act, 1961 in India provides for the exemption of long-term capital gains...
Section 80TTA of the Income Tax Act, 1961 provides for a deduction in respect of interest on deposits...
1. Rationalization of provisions of TDS on sale of immovable property [Section 194-IA amended w.e.f....
Tax on distributed income of domestic company for buy-back of shares Special provisions relating to tax...
1. Enabling the Commissioner (Appeals) to levy Penalty under Section 271AAB. 271AAC and 271AAD of the...