Section 284 of the Income Tax Act, 1961, governs how notices, orders, or summons must be served when...
Introduction-
The CBIC vide Notification No. 04/2024 – Central Tax dated January 05, 2024, notified the...
Here’s a detailed analysis of Section 278AB of the Income Tax Act, 1961, which empowers the Principal...
Section 197 of the Income Tax Act, 1961 provides a mechanism for taxpayers to obtain certificates for...
Here’s a detailed explanation of the taxability of dividends under Section 56(2)(i) as “Income...
These sections govern how notices, summons, orders, and other communications must be served by the Income...
Section 220(2) of the Income Tax Act, 1961, imposes interest @ 1% per month on unpaid tax demands if...
Is one of the most well-known investment schemes offered by the India Post. While the scheme is open...
Section 201(1A) of the Income Tax Act, 1961, imposes interest on a deductor (employer, company, etc.)...
The Capital Gains Accounts Scheme (CGAS) 1988 is a scheme under the Income Tax Act, 1961, in India. It...
1. Set-Off Rules for Current Year Losses
Intra-head adjustment (Section 70):
Business losses can be...
Section 192 mandates employers to deduct Tax Deducted at Source (TDS) from employees’ salaries...
E-Invoicing has been implemented in India in a phased manner since 1st October 2020. Let us discuss whether...
Section 10(6B) of the Income Tax Act, 1961, provides a tax exemption to non-residents (including foreign...
Section 211 of the Income Tax Act, 1961, mandates the payment of advance tax in four instalments during...
The article you’re viewing discusses significant changes to the regulations governing Charitable Trusts...
Section 234B(3) deals with the recalculation of interest under Section 234B when the assessed tax is...
In the era of GST, the removal of check posts nationwide aimed to streamline the movement of goods within...
Section 132 of the Income Tax Act, 1961, empowers the Income Tax Department to conduct search and seizure...
When income is clubbed under Sections 60-65 of the Income Tax Act, it is taxed under the same head as...