Compensation received by an individual or their legal heirs in the event of a disaster is governed by...
Section 10(23EE) of the Income Tax Act provides a tax exemption for specified income of a Core Settlement...
Section 194BB of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on winnings from horse...
When income is clubbed under Sections 60-65 of the Income Tax Act, it is taxed under the same head as...
Section 10(6) of the Income Tax Act, 1961 provides tax exemptions for certain types of remuneration received...
Section 194B of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on winnings from games...
Section 194LA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made as...
INTRODUCTION:
Form 15CA and Form 15CB are essential documents under the Income Tax Act, 1961, for foreign...
Section 56(1) serves as the residual head of income, capturing all taxable income that does not fall...
Here we discuss all the Provisions towards Computation of Capital Gain in certain Special Cases and the...
Discover Section 44BBD Presumptive Tax — India’s New Presumptive Tax Scheme for Non-Residents Serving...
In the realm of Goods and Services Tax (GST), the efficient utilization and handling of Input tax credit (ITC)...
Section 250 of the Income Tax Act, 1961 governs the procedure followed by the Commissioner of Income...
A. Basic Conditions for Section 11 (Income from Property Held for Charitable/Religious Purposes)
Registration...
Under the Explanation to section 288(2), an “accountant” means a chartered accountant within...
Under Section 10(35A) of the Act, any income received by an investor from a securitisation trust is exempt...
1. Core Rule (Strict Liability)
No PAN = Higher TDS/TCS:
TDS rate: 20%(instead of normal rate)
TCS...
Section 10(11) of the Income Tax Act provides tax exemption on withdrawals from a Statutory Provident...
Interest incomes which are exempt under section 10(15) could be explained with the help of the following...
Section 10(4C) of the Income Tax Act, 1961 in India provides an exemption for interest income earned...