Goods and Services Tax (GST) in India is a comprehensive, multi-stage, destination-based tax that is...
Section 63 defines what constitutes a revocable transfer for the purposes of Section 61. It clarifies...
Term life insurance, also known as pure life insurance, is a type of life insurance that guarantees payment...
The article you’re viewing discusses significant changes to the regulations governing Charitable Trusts...
Accommodation provided to the employee may be—
(i) unfurnished
(ii) furnished
Further, such...
Section 16 allows three key deductions from gross salary income before computing taxable salary. These...
Section 194J of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made for professional...
Notified special allowance is an allowance that has been notified by the Central Government under Section...
Section 10(37) of the Income Tax Act provides a capital gains exemption for individuals or Hindu Undivided...
Under the Explanation to Section 139(9) of the Income Tax Act, 1961, a return is considered defective if...
Notification No. 05/2025 [F. No. 300196/37/2019-ITA-I] Dated 3nd January, 2025
MINISTRY OF FINANCE
(Department...
Section 10(6D) provides a tax exemption to non-residents (other than foreign companies) on income received...
Here’s a detailed explanation of Section 173 (Penalty Not to Be Imposed in Certain Cases) under the Equalisation...
Enrolment Duration
Expenditure Duration
Beneficiaries
Central Outlay
Years
(lakhs)
(Rs....
Section 190 of the Income Tax Act, 1961, governs the provisions related to Tax Deduction at Source (TDS),...
Under the Employees’ Provident Fund (EPF) scheme, employers are required to contribute to a Recognised...
Employee Stock Option Plan (ESOP) has gained popularity as a tool for employee retention, especially...
Section 115BAB of the Income Tax Act, 1961, was introduced by the Finance Act, 2019, to provide a lower...
Section 142B of the Income Tax Act, 1961 empowers the Central Government to make schemes for faceless...
Section 10(12A) of the Income Tax Act, 1961 provides important tax benefits for withdrawals from the...