Section 10(23BBF) of the Income Tax Act provides a phased tax exemption for the North-Eastern Development...
Section 44AE of the Income Tax Act, 1961 provides a simplified presumptive taxation scheme for businesses...
Section 268 of the Income Tax Act, 1961 provides a relief mechanism for taxpayers and the tax department...
Cases or situations of Tax Relief under section Section 89/Rule 21A when Salary is Paid in Arrears or...
House Rent Allowance (HRA) is a common component of most employees’ salary packages. It is provided...
There are many incomes which are taxable under the head ‘Income from Other Sources’. However, section...
Section 10(5) of the Income Tax Act allows for certain tax exemptions on travel expenses provided by...
1. Overview
Section 293C of the Income Tax Act, 1961 empowers the Central Government to withdraw approvals...
Under Section 139(4A) of the Income Tax Act, 1961, charitable and religious trusts/institutions must...
To legally establish and operate a Charitable & Religious Trust in India, the following registrations are...
The Government of India has introduced a new Amnesty Scheme under GST, notified via Notification No. 17/2024 –...
Section 241A allows the Income Tax Department to withhold refunds in certain cases, even if a taxpayer...
Here’s a consolidated table of the revised TDS threshold limits effective from April 1, 2025, based on...
Amendment of section 7.
151. In the Union Territory Goods and Services Tax Act, 2017 (14 of 2017.) (hereinafter...
Section 194A mandates Tax Deducted at Source (TDS) on interest payments (excluding interest on securities)...
The Income Tax Bill 2025 will come into effect from April 1, 2026, after it is vetted by a Select Committee...
Sovereign Gold Bonds (SGBs) are government securities denominated in grams of gold. They are substitutes...
Section 196 of the Income Tax Act, 1961 provides an exemption from Tax Deducted at Source (TDS) for payments...
When it comes to dealing with various processes and procedures, understanding the time limits, forms,...
Section 196B of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income paid to non-residents or foreign...