1. Overview
Section 293C of the Income Tax Act, 1961 empowers the Central Government to withdraw approvals...
The introduction of Section 128A in the Central Goods and Services Tax (CGST) Act, 2017, by the Finance...
1. Basic Concepts
Firm: Partnership firm registered under Partnership Act, 1932
LLP: Limited Liability...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New...
Section 74 of the Income Tax Act, 1961 governs the treatment of capital losses, providing specific rules...
Business trusts have gained popularity in recent years as a unique investment vehicle. They offer investors...
S.O. 1905(E) – In exercise of the powers conferred by sub-section (1) and sub-section (2) of section...
E-Invoicing has been implemented in India in a phased manner since 1st October 2020. Let us discuss whether...
1. Key Features of Section 69
Objective: Targets unexplained investments(e.g., property, gold, shares)...
Ministry of Finance
HIGHLIGHTS OF UNION BUDGET 2025-26
Posted On: 01 FEB 2025 1:29PM by PIB Delhi
PART...
Under Section 10(17A) of the Income Tax Act, any award or reward received by an individual in recognition...
The Budget Speech for 2025-26 by Finance Minister Nirmala Sitharaman, presented in Parliament, outlines...
1. Introduction to Section 80CCD
Section 80CCD of the Indian Income Tax Act, 1961, provides for deductions...
1. Definition of “Person” under Section 2(31)
Section 2(31) of the Income Tax Act, 1961...
1. Automated Processing by CPC-TDS
Centralized Processing Center (CPC-TDS)processes all TDS returns
Auto-validationof...
Agricultural income holds a special position in India’s taxation system, with specific exemptions...
1. Overview
Section 115BBD provided a concessional tax rate of 15% (plus surcharge and cess) on dividends...
Section 234H of the Income Tax Act, 1961 imposes a fee for failure to intimate/link one’s Aadhaar...
The Sukanya Samriddhi Account is a popular savings scheme in India that aims to promote the education...
Section 45(1) of the Income Tax Act, 1961 is the foundational provision that defines how and when capital...