(1) Introduction to Section-71 (Inter-Head Adjustment)
Under the Indian Income Tax Act, 1961, taxpayers...
Section 10(11A) provides full tax exemption on withdrawals from a Sukanya Samriddhi Account (SSA), making...
Any expenditure (not being expenditure of the nature described in sections 30 to 36) and not of capital...
Section 54D of the Income Tax Act, 1961, provides tax exemption on capital gains arising from the compulsory...
1. Provisions of Section 79 not to apply In case of Strategic Disinvestment of Public Sector Companies...
Understanding and Conditions of Section 115F
As a Non-Resident Indian (NRI), understanding the tax implications...
Section 234A(3) of the Income Tax Act, 1961, deals with interest payable when an assessee fails to file...
The Inverted Duty Structure (IDS) under the Goods and Services Tax (GST) regime is a situation where...
Section 80G of the Income Tax Act, 1961 provides provisions for claiming deductions on donations made...
Section 191 provides for situations where tax is not deducted at source (TDS) as required under other...
Short Answer: No, the Annual Value (AV) or Net Annual Value (NAV) of a property cannot be negative under...
Under Section 248 of the Income Tax Act, 1961, a person who denies liability to deduct tax at source...
1. Introduction to Section 80CCD
Section 80CCD of the Indian Income Tax Act, 1961, provides for deductions...
Section 10(46) of the Income Tax Act, 1961 provides for exemption from income tax of the specified income...
Section 45(1) of the Income Tax Act, 1961 is the foundational provision that defines how and when capital...
Section 197A of the Income Tax Act, 1961 provides specific situations where no Tax Deducted at Source...
Section 115BAB of the Income Tax Act, 1961, was introduced by the Finance Act, 2019, to provide a lower...
Section 157 deals with the communication of losses determined by the Assessing Officer (AO) to taxpayers....
Applicable to: All taxpayers (Individuals, HUFs, Companies, etc.)
This section provides tax benefits...
1. General Rule for All Non-Company Entities [Section 6(2)]
The residential status of Firms, AOPs, BOIs,...