1. Introduction of Block Assessment Provisions in cases of Search under Section 132 and Requisition under...
Here we discuss all the Provisions towards Computation of Capital Gain in certain Special Cases and the...
Section 54B of the Income Tax Act, 1961, provides a tax exemption on capital gains arising from the transfer...
Section 57 of the Income Tax Act, 1961, permits specific deductions while computing taxable income under...
In the realm of Goods and Services Tax (GST), the efficient utilization and handling of Input tax credit (ITC)...
Long-term capital gain arising on the transfer of any capital asset being land or building or both is...
Section 10(23FBA) of the Income Tax Act provides a targeted tax exemption for investment funds—but with...
Section 10(23AA) of the Income Tax Act provides an exemption for income received by any person on behalf...
Section 10(10AA) of the Income Tax Act, 1961 provides important tax exemptions for leave encashment (also...
Section 285B of the Income Tax Act, 1961, mandates producers of cinematograph films and persons engaged...
Under the Explanation to section 288(2), an “accountant” means a chartered accountant within...
Section 10(23DA) of the Income Tax Act provides a tax exemption for income earned by a securitisation...
Special Economic Zones (SEZs) have emerged as key drivers of economic growth and development in many...
Section 54GB of the Income Tax Act, 1961 in India provides for the exemption of long-term capital gains...
Here’s a detailed breakdown of the penalties for failure to deduct or pay Equalisation Levy (EL) under Section...
Section 10(23FCA) of the Income Tax Act provides a tax exemption for rental income earned by a Real Estate...
Section 10(4H) of the Income Tax Act, 1961 in India provides an exemption for certain income earned by...
What are the Deemed Profits and how they chargeable to Tax as Business Income
1. Recovery against any...
In India, hosting international sporting events is not only a matter of pride but also has significant...
Section 234C of the Income Tax Act, 1961, pertains to the levy of interest for deferment of advance tax....