To simplify tax compliance and enhance the ease of doing business, the Finance Act has proposed significant...
Section 50C of the Indian Income Tax Act, 1961, is applicable to the computation of capital gains in...
Section 10(23B) of the Income Tax Act provides a tax exemption for income earned by certain institutions...
Section 167 of the Finance Act, 2016 (Chapter VIII) governs the furnishing of statements for the Equalisation...
Start-ups in India can benefit from significant tax exemptions under Section 80-IAC of the Income-tax...
Section 10(26) of the Income Tax Act provides special provisions for the income of a member of a Scheduled...
1. Basic Framework
Companies are taxed on their total incomecomputed under the Income Tax Act, 1961.
Tax...
Section 80C of the Income Tax Act allows individuals to claim deductions on certain investments and expenses,...
Tax incentives to International Financial Services Centre
International Financial Services Centre (IFSC)...
Section 10(23BBA) of the Income Tax Act provides a tax exemption for the income of any body or authority...
Section 80TTA of the Income Tax Act, 1961 provides for a deduction in respect of interest on deposits...
Under Section 10(17A) of the Income Tax Act, any award or reward received by an individual in recognition...
Under the Income Tax Act, 1961, certain transactions involving capital assets are excluded from the definition...
1. Legal Basis for TDS Certificates
Section 203of the Income Tax Act, 1961 mandates that every deductor must...
Section 28 of the Income Tax Act, 1961, is a key provision that defines the types of income chargeable...
Section 144 of the Income Tax Act, 1961, empowers the Assessing Officer (AO) to determine a taxpayer’s...
Section 206CC of the Income Tax Act, 1961 mandates a higher Tax Collected at Source (TCS) rate if the...
Applicable to: Individuals, HUFs, Firms, AOPs, BOIs, and others (except companies)
This section provides...
Kisan Vikas Patra is a certificate scheme from the Indian post office. It doubles a one-time investment...
Section 44AE of the Income Tax Act, 1961 provides a simplified presumptive taxation scheme for businesses...