Section 153 prescribes strict deadlines for completing assessments, reassessments, and recomputations under...
Section 10(4G) of the Income Tax Act, 1961 in India provides an exemption for certain income earned by...
Section 44AE of the Income Tax Act, 1961 provides a simplified presumptive taxation scheme for businesses...
Here’s a structured overview of Collection of Tax at Lower Rate under Section 206C(9), (10), (11)...
The Goods and Services Tax (GST), a comprehensive indirect tax system, has been a transformative step...
Section 54EC of the Income Tax Act, 1961, provides tax exemption on long-term capital gains (LTCG) from...
Political parties play a crucial role in any democratic society. They serve as the voice of the people,...
1. Legal Requirement
Section 206Amandates specified entities to file statements for payments made to...
Section 285BB of the Income Tax Act, 1961, mandates the Income Tax Department to provide taxpayers with...
Section 44AA of the Income Tax Act, 1961, mandates certain taxpayers to maintain books of accounts, while Rule...
To legally establish and operate a Charitable & Religious Trust in India, the following registrations are...
Amendment of section 7.
151. In the Union Territory Goods and Services Tax Act, 2017 (14 of 2017.) (hereinafter...
Under Section 54G, the Exemption is available to all categories of assessees in respect of Capital Gain...
1. Purpose of Rule 6G
Prescribes the forms and mannerfor submitting tax audit reports
Mandates the format...
Section 194-IB of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on rent payments exceeding ₹50,000/month by individuals...
1. Income Tax Law
An understanding of the Income-tax law requires a study of the following:
(I) ...
1. Overview
Introduced: Finance Act 2021 (effective from 1st July 2021) .
Purpose: Encourage tax compliance...
Section 10(12A) of the Income Tax Act, 1961 provides that any amount received by an individual from the...
Section 194LC of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest payments...
Section 196 of the Income Tax Act, 1961 provides an exemption from Tax Deducted at Source (TDS) for payments...