If you missed the deadline to claim a tax refund, you may still file a delayed refund claim under specific...
Section 80TTB of the Income Tax Act, 1961 provides a special deduction to senior citizens in respect...
1. Definition of “Person” under Section 2(31)
Section 2(31) of the Income Tax Act, 1961...
Section 194-I of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on rent payments exceeding...
Section 10(48) of the Income Tax Act provides an exemption in respect of income received by certain foreign...
Section 10(23BBF) of the Income Tax Act provides a phased tax exemption for the North-Eastern Development...
Permanent Account Number (PAN) is a unique ten-digit alphanumeric code issued by the Income Tax Department...
Section 10(19) of the Income Tax Act provides an exemption for the family pension received by the family...
What are the Deemed Profits and how they chargeable to Tax as Business Income
1. Recovery against any...
The Government of India has introduced a new Amnesty Scheme under GST, notified via Notification No. 17/2024 –...
Section 56(1) serves as the residual head of income, capturing all taxable income that does not fall...
Under the Income Tax Act, individuals and Hindu Undivided Families (HUFs) have the option to be taxed...
1. Overview
Introduced: Finance Act 2021 (effective from 1st July 2021).
Purpose: Imposes higher Tax...
When a property is partly self-occupied (SOP) and partly let out (LOP), the Income Tax Act treats it...
Section 10(23DA) of the Income Tax Act provides a tax exemption for income earned by a securitisation...
Section 36 of the Income Tax Act, 1961 lists specific deductions allowed against business income, in...
Section 281B of the Income Tax Act, 1961, deals with the Provisional Attachment of Property to Protect...
Under the Income Tax Act, 1961, Sections 115QA to 115QC impose a tax on distributed income when a domestic...
Interest on Non-resident (External) Account (NRE) is exempt from income tax in India under Section 10(4)(ii)...
Section 10(23AAA) of the Income Tax Act provides an exemption for income received by any person on behalf...