When a property is partly self-occupied (SOP) and partly let out (LOP), the Income Tax Act treats it...
Section 211 of the Income Tax Act, 1961, mandates the payment of advance tax in four instalments during...
Applicable to: Developers of Affordable Housing Projects
This section provides a 100% tax exemption on...
1. Basic Framework
Companies are taxed on their total incomecomputed under the Income Tax Act, 1961.
Tax...
Provisions and Amendments Relating to Direct Tax Vivad se Vishwas Scheme, 2024
The Income-tax Act, 1961...
Under Section 246A of the Income Tax Act, 1961, taxpayers can file an appeal before the Commissioner...
The provisions relating to Direct Taxes for the Financial Year 2025-26 in India include several key changes...
Discover How ULIP Taxation 2025-26 Works Under The New Income Tax Act. Learn About Capital Gains Tax...
Gratuity is a significant part of an employee’s remuneration package. It is a payment made by an employer...
Introduction:
Section 67 of the Central Goods and Services Tax (CGST) Act, 2017, deals with the power...
Capital assets are classified into different categories under the Income Tax Act, 1961, each with unique...
Section 54 of the Income Tax Act, 1961 provides tax exemption on long-term capital gains (LTCG) arising...
1. Automated Processing by CPC-TDS
Centralized Processing Center (CPC-TDS)processes all TDS returns
Auto-validationof...
Section 10(44) of the Income Tax Act, 1961 provides for exemption from income tax in India in respect...
An Income Tax Survey is a legal procedure under Section 133A of the Income Tax Act, 1961, where tax authorities...
Section 10(23BBH) of the Income Tax Act provides a complete tax exemption for the income of Prasar Bharati...
As per Part “C” of Schedule II of the Companies Act, 2013 after making following assumptions:
The...
What are the Deemed Profits and how they chargeable to Tax as Business Income
1. Recovery against any...
Applicable to: Individuals (Salaried & Self-Employed)
This section provides tax benefits for contributions...
Under Section 10(17A) of the Income Tax Act, any award or reward received by an individual in recognition...