Section 10(23FF) of the Income Tax Act provides a targeted capital gains exemption for non-residents...
Section 196D of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income earned by Foreign...
Applicable to: All taxpayers (Individuals, HUFs, Firms, etc.)
This section provides 100% deduction for...
Section 139D of the Income Tax Act, 1961, mandates electronic filing (e-filing) of income tax returns...
When non-residents (NRIs/Foreign Investors) transfer shares/debentures of Indian companies, special tax...
Here’s a detailed breakdown of the valuation of motor car perquisites under Rule 3(2) of the Income Tax...
Applicable to: All businesses (except freelancers)*
This section provides 30-60% additional wage cost...
Section 244A governs the payment of interest on income tax refunds to assessees. Below is a detailed...
Here’s a detailed explanation of Section 269SS of the Income Tax Act, 1961, which governs the mode of...
Section 10(10A) of the Income Tax Act in India relates to the tax treatment of payments made in commutation...
1. Legal Definition
Primary Responsibility: The person legally obligated to deduct TCS/TDS under the...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi,...
Sections 15-17 Guide : Learn How To Compute Income From Salaries Under India’s Income Tax Act....
Section 219 of the Income Tax Act, 1961 governs how advance tax payments are credited against a taxpayer’s...
Under Section 239 of the Income Tax Act, 1961, and related provisions, here are the key details regarding...
Section 206CC of the Income Tax Act, 1961 mandates a higher Tax Collected at Source (TCS) rate if the...
Section 154 of the Income Tax Act, 1961, allows the Assessing Officer (AO), Commissioner (Appeals), or...
Section 44ADA of the Income Tax Act, 1961 provides a simplified presumptive taxation scheme for eligible...
Under Section 248 of the Income Tax Act, 1961, a person who denies liability to deduct tax at source...
Section 80DD of the Income Tax Act in India provides a deduction for individuals or Hindu Undivided Families...