Notification No. 06/2025 [F. No. 275/108/2024-IT(B)] Dated 6th January, 2025
MINISTRY OF FINANCE
(Department...
Section 9A (Investment Fund Participation Rules):
Indirect investments by Indian residents in offshore...
Section 293B of the Income Tax Act, 1961, empowers the Central Board of Direct Taxes (CBDT) to condone...
Section 194DA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payouts from life...
Section 16 allows three key deductions from gross salary income before computing taxable salary. These...
Section 10(6) of the Income Tax Act, 1961 provides an exemption from income tax for certain income received...
Applicable to: *Farmer Producer Companies (FPCs) registered under Companies Act, 1956/2013*
This section...
Section 195 of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made to non-residents...
Section 45(1) of the Income Tax Act, 1961 is the foundational provision that defines how and when capital...
1. Business [Section 2(13)]
Business includes:
Any trade, commerce, or manufacturing activity;
Any adventure...
1. Overview
Under Section 210(1) of the Income Tax Act, 1961, taxpayers liable for advance tax must voluntarily...
Understanding Section 71: Inter-Head Adjustment
Section 71 of the Income Tax Act, 1961 allows taxpayers...
SCSS is a savings product available for senior citizens aged 60 or above. On the date of opening an SCSS...
Section 234A(4) of the Income Tax Act, 1961, deals with the adjustment of interest when there is a subsequent revision,...
Objective: To discourage large cash transactions and promote digital payments.
1. Key Provisions of Section...
The introduction of Section 128A in the Central Goods and Services Tax (CGST) Act, 2017, by the Finance...
Applicable to: Businesses engaged in collecting/processing biodegradable waste
This section provides...
Section 73A of the Income Tax Act, 1961, governs the treatment of losses incurred in specified businesses under Section...
1. Section 35(1A) relating to Filing Of Statement of any sum received by a Research Association, University,...
(1) Introduction to Section-72
Section 72, which deals with the carry forward and set off of business...