When non-residents (NRIs/Foreign Investors) transfer shares/debentures of Indian companies, special tax...
Here’s a detailed analysis of Immunity under Section 270AA of the Income Tax Act, 1961, which protects...
Gratuity is a payment made by the employer to an employee in appreciation of the past services rendered...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi,...
Notification No. 03/2025 [F. No. 275/109/2024-IT(B)] Dated 2nd January, 2025
MINISTRY OF FINANCE
(Department...
Form 10-IEA is a crucial document for taxpayers for AY 2024-2025 and onwards. It allows individuals and...
1. Legal Requirement
Section 206Amandates specified entities to file statements for payments made to...
Under Section 237 of the Income Tax Act, 1961, the following persons are entitled to claim a refund of...
Section 44ADA of the Income Tax Act, 1961 provides a simplified presumptive taxation scheme for eligible...
Learn everything about Section 194K TDS on mutual fund dividends. Discover the new ₹10,000 threshold...
In the context of the Goods and Services Tax (GST), the term “non-supplies” refers to transactions...
Pension is a periodic payment made to an employee after retirement. Under Section 17(1)(ii) of the Income...
Purpose:
This section provides a full tax exemption on pension received by government employees (or their...
Under the Income Tax Act, 1961, rent-free or concessional accommodation provided by an employer is a taxable...
Section 194D of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made as insurance...
Every person shall quote his permanent account number in all documents pertaining to the transactions...
1. Statutory Framework
Section 5 defines the scope of total income based on the taxpayer’s residential...
Section 54GB of the Income Tax Act, 1961 in India provides for the exemption of long-term capital gains...
1. Definition of “Person” under Section 2(31)
Section 2(31) of the Income Tax Act, 1961...
Discover The New TCS Rules April 2025. Learn About Higher LRS Thresholds, Education Loan Exemptions,...