Interest on Non-resident (External) Account (NRE) is exempt from income tax in India under Section 10(4)(ii)...
The tax treatment of interest, premium, or bonus on specified investments is governed by Section 10(15)...
Section 54D of the Income Tax Act, 1961, provides tax exemption on capital gains arising from the compulsory...
Section 281 empowers the Income Tax Department to declare certain asset transfers as void if made during...
Understanding of Section 56(2)(i)
In India, the taxation of dividends is governed by the provisions of...
Section 10(44) of the Income Tax Act, 1961 provides for exemption from income tax in India in respect...
Section 10(4) of the Income Tax Act, 1961 in India provides an exemption for certain types of interest...
Under Section 10(35A) of the Act, any income received by an investor from a securitisation trust is exempt...
Section 10(23B) of the Income Tax Act provides a tax exemption for income earned by certain institutions...
Under the Income Tax Rules/ Act, certain taxpayers are required to get their accounts audited and submit...
Section 55(2) of the Income Tax Act, 1961, provides crucial rules for determining the cost of acquisition of...
The Tonnage Tax Scheme is a special taxation regime introduced under Chapter XII-G (Sections 115V to...
1. Legal Requirement
Section 206C(5): Mandates that every seller/collectormust issue a TCS certificate...
As per Part “C” of Schedule II of the Companies Act, 2013 after making following assumptions:
The...
Under the Income Tax Act, 1961, if a taxpayer or the Income Tax Department is dissatisfied with an order...
New Section 44BBD:
Section 44BBD, introduced by the Finance Act 2025, is a presumptive taxation scheme...
Under Section 56(2)(ib) of the Indian Income Tax Act, 1961, income from winnings is subject to taxation....
[Section 46A] : Capital Gains on Purchase by Company of its Own Shares or Other Specified Securities
(1) Capital gains tax is an important aspect of the Indian Income Tax Act, 1961. Section 46A of...
Amendment of section 5.
147. In the Integrated Goods and Services Tax Act, 2017 (13 of 2017.) (hereinafter...
Section 36 of the Income Tax Act, 1961 lists specific deductions allowed against business income, in...