Section 10(23BBA) of the Income Tax Act provides a tax exemption for the income of any body or authority...
The Government of India has introduced a new Amnesty Scheme under GST, notified via Notification No. 17/2024 –...
Amendment of section 7.
151. In the Union Territory Goods and Services Tax Act, 2017 (14 of 2017.) (hereinafter...
Section 115JH of the Income Tax Act, 1961, provides transitional and computational rules for foreign...
Tax incentives to International Financial Services Centre
International Financial Services Centre (IFSC)...
Section 65 clarifies the tax liability of the transferee (recipient of income/assets) when income is...
Section 10(2) of the Income Tax Act, 1961, provides a tax exemption for sums received by a member of...
Section 10(23FBC) of the Income Tax Act provides a tax exemption for income earned by a unit holder from...
Section 145 of the Income Tax Act, 1961 governs the method of accounting for computing taxable income...
Agricultural income holds a special position in India’s taxation system, with specific exemptions...
Section 196 of the Income Tax Act, 1961 provides an exemption from Tax Deducted at Source (TDS) for payments...
Section 28 of the Income Tax Act, 1961, is a key provision that defines the types of income chargeable...
In India, hosting international sporting events is not only a matter of pride but also has significant...
Section 10(25) of the Income Tax Act provides tax exemptions for income earned by various retirement-related...
Ministry of Finance
Posted On: 22 JAN 2025 8:09PM by PIB Delh
CBDT notifies amendments in Income-tax...
Section 194LD of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest income paid...
1. Perquisites [(Section 17(2)]-Definition
Section 17(2) of the Income-tax Act, 1961 gives an inclusive...
When a property is partly self-occupied (SOP) and partly let out (LOP), the Income Tax Act treats it...
Under Section 23(5) of the Income Tax Act, 1961, a key exemption applies to real estate developers and...
Here’s a detailed explanation of Section 206CB: Processing of Statements of Tax Collected at Source...