Here’s a detailed analysis of Section 275 of the Income Tax Act, 1961, which governs the time limits...
The introduction of Section 128A in the Central Goods and Services Tax (CGST) Act, 2017, by the Finance...
Accommodation provided to the employee may be—
(i) unfurnished
(ii) furnished
Further, such...
Section 285B of the Income Tax Act, 1961, mandates producers of cinematograph films and persons engaged...
A. Basic Conditions for Section 11 (Income from Property Held for Charitable/Religious Purposes)
Registration...
Applicable to: Banks/Financial Institutions operating in IFSCs (e.g., GIFT City)
This section provides 100%...
The Government of India has introduced a new Amnesty Scheme under GST, notified via Notification No. 17/2024 –...
Section 80RRB of the Income Tax Act, 1961, provides for a deduction in respect of royalty income received...
Section 28 of the Income Tax Act, 1961, is a key provision that defines the types of income chargeable...
Section 273AA of the Income Tax Act, 1961, empowers the Principal Commissioner or Commissioner to grant...
Section 234C of the Income Tax Act, 1961 imposes interest for deferring advance tax payments beyond the...
The Budget 2025 proposed new tax slab rates under section 115BAC i.e., the New Tax Regime or the Default...
According to Section 10(7), allowances or perquisites received by an employee outside of India for rendering...
The Inverted Duty Structure (IDS) under the Goods and Services Tax (GST) regime is a situation where...
Section 143(3) deals with the scrutiny assessment process in Indian income tax law. This assessment is...
Under Section 248 of the Income Tax Act, 1961, a person who denies liability to deduct tax at source...
To legally establish and operate a Charitable & Religious Trust in India, the following registrations are...
Compensation received by an individual or their legal heirs in the event of a disaster is governed by...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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Section 132A empowers the Income Tax Department to requisition (take custody of) books of account, documents,...