The term “actual cost” in the context of asset acquisition plays a pivotal role in income...
In the era of GST, the removal of check posts nationwide aimed to streamline the movement of goods within...
Being a Member of Parliament (MP) or a Member of Legislative Assembly (MLA) is a position of great responsibility....
Overview of Section 10(6C)
Section 10(6C) provides a tax exemption to foreign companies on income received...
Section 196D of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income earned by Foreign...
Agricultural income and its tax treatment in India fall under Section 10(1) of the Income Tax Act, 1961....
Annual Value is the taxable value assigned to a property for calculating “Income from House Property”....
Section 10(23FBB) of the Income Tax Act deals with taxation of business income earned by unit holders...
The Government of India’s Department of Posts, Ministry of Communications, offers fixed deposit accounts...
Retirement benefits such as pension, gratuity, provident fund, and leave encashment are taxed differently...
“Deemed profits” are amounts that aren’t traditional business income, but are still taxed as business...
Circular No. 01/2025 [F. No. 500/05/2020/FT&TR-II] Dated 21st January, 2025
Government of India
Ministry...
Retrenchment compensation received by an employee due to termination of employment is partially exempt from...
Section 194-I of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on rent payments exceeding...
Compensation received under a Voluntary Retirement Scheme (VRS) or Voluntary Separation Scheme is partially...
Here’s a detailed breakdown of the penalties for failure to deduct or pay Equalisation Levy (EL) under Section...
1. Documents Required to Apply for NRI PAN Card
As a Non-Resident Indian (NRI), obtaining a Permanent...
Employee Stock Option Plan (ESOP) has gained popularity as a tool for employee retention, especially...
Section 144B introduces a technology-driven, faceless assessment scheme to eliminate human interface,...
Section 10(23FCA) of the Income Tax Act provides a tax exemption for rental income earned by a Real Estate...