Revised TDS Threshold Limits FY 2025-26: Complete Guide with New Rules
Discover All Revised TDS Threshold Limits FY 2025-26. Learn About New Section 194T, Doubled Senior Citizen...
[Section 115F] : Exemption of Long-Term Capital Gains arising to Non-Resident Indian (NRI) on Transfer of ‘Foreign Exchange Asset’
Understanding and Conditions of Section 115F As a Non-Resident Indian (NRI), understanding the tax implications...
Section 49– Cost with Reference to Certain Modes of Acquisition
Section 49 specifies how the cost of acquisition of a capital asset is determined when it is acquired...
Equalisation Levy (EL) Rules, 2016
S.O. 1905(E) – In exercise of the powers conferred by sub-section (1) and sub-section (2) of section...
Section 10(23BBE)- Tax Exemption for the income of the Insurance Regulatory and Development Authority (IRDA)
Section 10(23BBE) of the Income Tax Act provides a complete tax exemption for the income of the Insurance...
[Section 293B]: Condonation of Delay in Obtaining Approval
Section 293B of the Income Tax Act, 1961, empowers the Central Board of Direct Taxes (CBDT) to condone...
Deductions Under 'Chapter VI-A' in respect of 'Payments & Investments' are Allowed from Section 80C To 80GGC
1.  [Section 80C]: Deduction in respect of Life Insurance Premium, Deferred Annuity, Contributions to...
Section 38: Disallowance for Assets Not Exclusively Used for Business
Section 38 of the Income Tax Act, 1961 governs deductions for depreciation and other expenses related...
Section 36-Other Deductions -Profits and Gains of Business and Profession
List of all Other Deductions which are specified under section 36 of the Indian Income Tax Act,1961,...
Section 133A: Income Tax Survey Powers - (Power to Conduct Surveys – A Preventive Enforcement Tool)
A survey under Section 133A of the Income Tax Act, 1961 is a legal procedure allowing income-tax authorities...
Rates of Depreciation under Companies Act, 2013 [ Depreciation Rate Chart]
as per Part “C” of Schedule II of the Companies Act, 2013 after making following assumptions: The...
Section 10(6)- Remuneration for Officials of Foreign Embassies
Section 10(6) of the Income Tax Act, 1961 provides tax exemptions for certain types of remuneration received...
Mandating Acceptance of Payments Through Prescribed Electronic Modes [Section 269SU, 271DB]
Here’s a detailed analysis of Sections 269SU and 271DB of the Income Tax Act, 1961, which mandate businesses...
Section 10(4)-Income by way of Interest to Non-Resident
Section 10(4) of the Income Tax Act, 1961 in India provides an exemption for certain types of interest...
Investment in Senior Citizen Savings Scheme (SCSS)
SCSS is a savings product available for senior citizens aged 60 or above. On the date of opening an SCSS...
Travel Concession or Assistance received by an individual from his Employer [Section 10(5)]
Section 10(5) of the Income Tax Act allows for certain tax exemptions on travel expenses provided by...
Tax on Income of Certain Manufacturing Domestic Companies [Section 115BA]
1. Overview Section 115BA provides a concessional tax rate of 22% (plus surcharge & cess) for new...
How to Face Survey Proceedings as per Section 133A of Income Tax Act, 1961- Your Rights and Duties
An Income Tax Survey is a legal procedure under Section 133A of the Income Tax Act, 1961, where tax authorities...
FAQs issued by CBDT on the new Capital Gains Tax Regime proposed in the Union Budget 2024-25 - (Press Release by PIB)
Ministry of Finance FAQs issued by CBDT on the new Capital Gains Tax Regime proposed in the Union Budget...
Perquisites which are Taxable only in the case of Specified Employees
Under Section 17(2) of the Income Tax Act, 1961, certain perquisites are taxable only for “specified...
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