Section 10(48) of the Income Tax Act provides an exemption in respect of income received by certain foreign...
Under the Income Tax Act, 1961, and the Constitution of India, an appeal can be filed before the Supreme...
Here’s a detailed summary of the treatment of ULIPs (Unit-Linked Insurance Plans) as capital gains under...
1. Scope of Section 56(2)(id)
This provision covers interest income from securities when:
Not chargeable...
Here’s a detailed explanation of tax relief under Section 89(1) read with Rule 21A of the Income Tax...
Understanding of Section 80D
Section 80D of the Income Tax Act provides individuals with a deduction...
Suo Moto Cancellation of registration may be initiated by the Tax Official for various situations as...
Understanding of Section 54
When an individual sells a residential house property, they are liable to...
Section 10(23F) of the Income Tax Act provided a tax exemption for dividends and long-term capital gains...
The Income Tax Appellate Tribunal (ITAT) derives its adjudicatory powers from Section 254 of the Income...
Explanation (iii) to Section 48 of the Income Tax Act, 1961, defines the indexed cost of acquisition for...
Section 10(23BBF) of the Income Tax Act provides a phased tax exemption for the North-Eastern Development...
Section 10(12A) of the Income Tax Act, 1961 provides that any amount received by an individual from the...
1. Source of the funds or any other sum provided by the lender to the borrower and credited in hooks...
Section 71B of the Income Tax Act, 1961, governs the carry forward and set-off of losses from house property,...
Under Section 139(4C) of the Income Tax Act, 1961, specific categories of non-profit entities must file...
Following goods are being exempted from levy of Social Welfare Surcharge
S. No.
Description
1.
Natural...
1. Key Features of Section 69C
Objective: Targets unexplained expenseswhere the assessee cannot prove...
Kisan Vikas Patra is a certificate scheme from the Indian post office. It doubles a one-time investment...
Applicable to: Businesses engaged in collecting/processing biodegradable waste
This section provides...