Under Section 251 of the Income Tax Act, 1961, the Commissioner of Income Tax (Appeals) [CIT(A)] has wide-ranging...
Under the Indian Income Tax Act, 1961, the taxability of income from letting out of machinery, plant,...
Every person shall quote his permanent account number in all documents pertaining to the transactions...
Amendment of section 5.
147. In the Integrated Goods and Services Tax Act, 2017 (13 of 2017.) (hereinafter...
The Income Tax Appellate Tribunal (ITAT) is the final fact-finding authority under the Income Tax Act,...
According to Section 10(2A), any share of profit received by a partner from a firm is exempt from tax....
Section 59 deals with deemed income that becomes taxable under the head “Income from Other Sources” when...
1. Key Features of Section 69
Objective: Targets unexplained investments(e.g., property, gold, shares)...
INTRODUCTION-
The Goods and Services Tax (GST) system has revolutionized taxation in India, streamlining...
Section 192 mandates employers to deduct Tax Deducted at Source (TDS) from employees’ salaries...
Section 268 of the Income Tax Act, 1961 provides a relief mechanism for taxpayers and the tax department...
Section 10(4F) of the Income Tax Act, 1961 in India provides an exemption for income earned by a non-resident...
Section 196C of the Income Tax Act, 1961 mandates Tax Deducted at Source (TDS) on income paid to non-residents (including...
Section 57 of the Income Tax Act, 1961, permits specific deductions while computing taxable income under...
Chapter XIV-B (Sections 158BA, 158BB, 158BE):
Replaces “total income” assessment with “undisclosed...
The Income Tax Act, 1961 allows charitable and religious trusts to apply for belated registration under Section...
Section 10(4) of the Income Tax Act, 1961 in India provides an exemption for certain types of interest...
Tax on distributed income of domestic company for buy-back of shares
Special provisions relating to tax...
Section 54H of the Income Tax Act, 1961, provides an extension of the reinvestment period for claiming...
As already discussed, motor car/other vehicles, provided by the employer, is a perquisite only for specified...