Zero-coupon bonds, also known as deep discount bonds, are fixed-income securities that do not pay periodic...
1. Firm to be Assessed as Firm
Essential conditions prescribed under section 184 of the Income-tax Act,...
Section 28 of the Income Tax Act, 1961, is a key provision that defines the types of income chargeable...
Income tax laws can be complex and confusing, especially when it comes to understanding the various exemptions...
Section 54 of the Income Tax Act, 1961 provides tax exemption on long-term capital gains (LTCG) arising...
Here’s a detailed explanation of the taxability of dividends under Section 56(2)(i) as “Income...
The Income Tax Act, 1961 contains provisions related to search, seizure, survey, and special procedures...
The Supreme Court of India’s decision in the case of Chief Commissioner of Central Goods and Services...
Purpose:
This section provides a full tax exemption on income earned by scientific research associations that...
Section 115JB ensures that companies with substantial book profits but low or no taxable income (due...
Ministry of Finance
Posted On: 22 JAN 2025 8:09PM by PIB Delh
CBDT notifies amendments in Income-tax...
Introduction
In the world of business and finance, it is not uncommon for companies to convert their...
This section provides exemption for certain allowances received by employees to meet expenses incurred in...
When an employer provides accommodation in a hotel, guest house, or similar facility, its taxability...
Here’s a detailed analysis of Section 278AB of the Income Tax Act, 1961, which empowers the Principal...
1. Income Tax Law
An understanding of the Income-tax law requires a study of the following:
(I) ...
Understanding Section 10(10A)
Section 10(10A) provides tax exemption for commuted pension amounts received...
Leave salary, or leave encashment, refers to the payment an employee receives for unused leave days....
Section 30 to 35 covers the following expenses Allowed as Deduction while computing Profits and Gains...
Provisions and Amendments Relating to Direct Tax Vivad se Vishwas Scheme, 2024
The Income-tax Act, 1961...