Special Economic Zones (SEZs) have emerged as key drivers of economic growth and development in many...
PARTICULARS
AMOUNT (₹)
REMARKS
Gross Receipts (Sales/Fees)
XXX
Total business income
Less: Cost...
If you missed the deadline to claim a tax refund, you may still file a delayed refund claim under specific...
as per Part “C” of Schedule II of the Companies Act, 2013 after making following assumptions:
The...
Section 80DD of the Income Tax Act in India provides a deduction for individuals or Hindu Undivided Families...
Section 10(23D) of the Income Tax Act provides a tax exemption for the income of certain mutual funds...
1. Unexplained Cash Credits [Section 68]
Where any sum is found credited in the books of an assessee,...
Understanding of Section 54B
Agriculture plays a vital role in the economy of many countries, providing...
Section 195 of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made to non-residents...
1. Basic Principle of Assessment
Clubbed income is assessed in the hands of the transferor (not the transferee)...
Section 244A of the Income Tax Act, 1961, governs the interest paid by the Income Tax Department to taxpayers...
The Income Tax Act, 1961, mandates taxpayers to submit certain documents, statements, and disclosures along...
GST Audit under Section 65 of the CGST Act, 2017 is conducted by the tax authorities to verify the correctness...
Section 28 of the Income Tax Act, 1961 defines the incomes chargeable under the head “Profits and...
1. Provisions of Section 79 not to apply In case of Strategic Disinvestment of Public Sector Companies...
Notification No. 08/2025 [F. No. 370153/01/2025-TPL] Dated 20th January, 2025
MINISTRY OF FINANCE
(Department...
Understanding of Section 54
When an individual sells a residential house property, they are liable to...
Purpose:
This section provides a full tax exemption on the income of local authorities, such as municipalities,...
Understanding Section 10(10A)
Section 10(10A) provides tax exemption for commuted pension amounts received...
1. Introduction to Section 80CCD
Section 80CCD of the Indian Income Tax Act, 1961, provides for deductions...