Enrolment Duration
Expenditure Duration
Beneficiaries
Central Outlay
Years
(lakhs)
(Rs....
Section 10(32) of the Income Tax Act provides a modest exemption when a minor child’s income is clubbed...
Under the Income Tax Act, 1961, the right to claim a refund depends on who has paid the excess tax and...
Section 10(4F) specifically applies to income earned by a non-resident from a unit of an International...
Section 142 empowers the Assessing Officer (AO) to conduct a preliminary inquiry before finalizing an...
When it comes to retirement planning, superannuation funds play a crucial role in providing financial...
Understanding of Section 80P
Section 80P of the Income Tax Act, 1961 provides a deduction in respect...
Section 115BAB of the Income Tax Act, 1961, was introduced by the Finance Act, 2019, to provide a lower...
Under Section 253 of the Income Tax Act, 1961, appeals can be filed before the Income Tax Appellate Tribunal...
An approved research association refers to an organization that is primarily engaged in scientific research....
Section 234H of the Income Tax Act, 1961 imposes a fee for failure to intimate/link one’s Aadhaar...
When a disaster strikes, it can cause immense damage to life and property. In such difficult times, the...
Introduction
Section 54B of the Income Tax Act, 1961, provides an exemption on capital gains arising...
Section 194N of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on cash withdrawals exceeding...
Section 44AA of the Income Tax Act, 1961, mandates certain taxpayers to maintain books of accounts, while Rule...
Applicable to: Businesses engaged in collecting/processing biodegradable waste
This section provides...
1. Documents Required to Apply for NRI PAN Card
As a Non-Resident Indian (NRI), obtaining a Permanent...
Section 70 of the Income Tax Act, 1961, allows taxpayers to adjust losses from one source against income...
1. Enabling the Commissioner (Appeals) to levy Penalty under Section 271AAB. 271AAC and 271AAD of the...
Concept:
Section 61states that if an asset is transferred in a revocable manner, any income from that...