A recognized provident fund is a retirement savings scheme that is approved by the government. It is...
1. Fundamental Principle
TDS Credit Mechanism: Any tax deducted at source (TDS) is treated as:
Payment...
Education is an essential aspect of personal and professional growth. However, pursuing higher education...
Section 144B introduces a technology-driven, faceless assessment scheme to eliminate human interface,...
Section 10(23B) of the Income Tax Act provides a tax exemption for income earned by certain institutions...
Section 194-IC of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on monetary payments...
Section 10(12) of the Income Tax Act governs the tax treatment of withdrawals from a Recognised Provident...
Unrealised rent refers to rental income that is due but not received from a tenant. The Income Tax Act,...
Section 10(4C) of the Income Tax Act, 1961 in India provides an exemption for interest income earned...
Under Section 10(2) of the Income Tax Act, 1961, the sum received by a member from a Hindu Undivided...
1. Clarification in respect of Disallowance under Section 14A in absence of any Exempt Income during...
1. Who is Liable?
Every taxpayer(individuals, HUFs, companies, firms, etc.) whose estimated tax liability for...
Section 10(4E) of the Income Tax Act, 1961 in India provides an exemption for income earned by a non-resident...
The introduction of Section 128A in the Central Goods and Services Tax (CGST) Act, 2017, by the Finance...
The Income Tax Law in India is a complex and ever-changing set of regulations that govern the taxation...
I start with GST. It has decreased tax incidence on the common man; reduced compliance burden and logistics...
Section 293D empowers the Central Government to implement a faceless (digital) scheme for granting approvals...
Income tax laws can be complex and confusing, especially when it comes to understanding the various exemptions...
1. Provision inserted under Clause ( c ) of explanation to Section 10(4D) applicable w.e.f. 2022-23
As...
Tax Treatment of Partly Agricultural and Partly Non-Agricultural Income
Tax Treatment of on Composite...