Applicable to: *Resident Individuals with 40%+ Disability*
This section provides fixed tax deductions to...
Section 230 of the Income Tax Act, 1961 mandates certain individuals to obtain a Tax Clearance Certificate...
When it comes to retirement planning, superannuation funds play a crucial role in providing financial...
A. Legislative Changes in Customs Laws
A.1 Amendments in the Customs Act, 1962
(i) Section 28 DA is being...
Section 285BA of the Income Tax Act, 1961, mandates specified entities to report high-value financial...
Purpose:
This section provides a 100% tax exemption to foreign companies on income earned from leasing cruise...
Here’s a detailed explanation of Section 269SS of the Income Tax Act, 1961, which governs the mode of...
Section 151A empowers the Central Government to implement a faceless, technology-driven scheme for reassessing...
Section 54H of the Income Tax Act, 1961 in India provided for an extension of time for acquiring a new...
1. Key Features of Section 69B
Objective: Targets underreported investmentswhere actual expenditure...
Section 10(23BBH) of the Income Tax Act provides a complete tax exemption for the income of Prasar Bharati...
Under Section 10(4D) of the Income Tax Act, a specified fund is eligible for certain exemptions on its...
Applicable to: Individual taxpayers
This section provides a deduction for interest paid on loans taken...
Here’s a detailed analysis of Section 139AA of the Income Tax Act, 1961, which mandates the quoting and...
The following Essential & Basic Rules have to be kept in mind while calculating Deductions under...
Section 80DDB of the Income Tax Act in India provides a deduction for individuals and Hindu Undivided...
The treatment of business income for a charitable or religious trust under the Income Tax Act, 1961 is...
Section 44AE of the Income Tax Act, 1961 provides a simplified presumptive taxation scheme for businesses...
The Finance (No. 2) Bill, 2024, introduces significant amendments to the Central Goods and Services Tax...
The Goods and Services Tax (GST), a comprehensive indirect tax system, has been a transformative step...