1. Introduction to Clubbing of Income
The Indian Income Tax Act, 1961, has provisions that prevent taxpayers...
Section 132A empowers the Income Tax Department to requisition (take custody of) books of account, documents,...
When an employer provides accommodation in a hotel, guest house, or similar facility, its taxability...
Where any person receives at any time during any previous year any money or other assets under an insurance...
I start with GST. It has decreased tax incidence on the common man; reduced compliance burden and logistics...
When it comes to retirement planning, superannuation funds play a crucial role in providing financial...
So far, we have discussed what are the various incomes, allowances and perquisites which are exempt and...
Concept:
Section 60applies when a person transfers only the right to receive income from an asset without...
Section 143(3) deals with the scrutiny assessment process in Indian income tax law. This assessment is...
Under the Income Tax Act, 1961, certain expenses are expressly disallowed while computing taxable income...
The Income Tax Appellate Tribunal (ITAT) derives its adjudicatory powers from Section 254 of the Income...
Section 158A of the Income Tax Act, 1961, read with Rule 16 of the Income Tax Rules, 1962, provides a...
Section 10(12B) of the Income Tax Act, 1961 provides tax exemptions on partial withdrawals from the National...
Section 9, Income Accrue or Deemed to Accrue or Arise in India :
Section 9 describes the Incomes which...
Section 115JH of the Income Tax Act, 1961, provides transitional and computational rules for foreign...
Section 80TTA of the Income Tax Act, 1961 provides for a deduction in respect of interest on deposits...
Under the Income Tax Act, 1961, individuals and Hindu Undivided Families (HUFs) can claim exemptions...
Section 10(2) of the Income Tax Act, 1961, provides a tax exemption for sums received by a member of...
Under the Income Tax Act, 1961, certain transactions involving capital assets are excluded from the definition...
Section 115JB ensures that companies with substantial book profits but low or no taxable income (due...