Amendment of section 7.
151. In the Union Territory Goods and Services Tax Act, 2017 (14 of 2017.) (hereinafter...
Understanding and Conditions of Section 115F
As a Non-Resident Indian (NRI), understanding the tax implications...
(1) Unit Linked Insurance Policies (ULIPs) have gained popularity as a dual investment-cum-insurance...
1. Importance of Residential Status
Residential status determines:
Which incomes are taxable in India...
Section 194G of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on commission or remuneration...
Section 139(4) of the Income Tax Act, 1961, allows taxpayers to file a belated return if they miss the...
Here’s a structured table summarizing the extension of time limits for filing Updated Tax Returns (ITR-U)...
Here we describe all the Provisions towards Calculation of Tax on Short-term Capital Gains under Section...
Goods and Services Tax (GST) in India is a comprehensive, multi-stage, destination-based tax that is...
Section 80G of the Income Tax Act, 1961 provides provisions for claiming deductions on donations made...
The Income Tax Act contains provisions to prevent tax avoidance by transferring income to other persons...
Section 10(23FCA) of the Income Tax Act provides a tax exemption for rental income earned by a Real Estate...
1. Legal Definition
Primary Responsibility: The person legally obligated to deduct TCS/TDS under the...
Section 44AE of the Income Tax Act, 1961 provides a simplified presumptive taxation scheme for businesses...
Special Provisions for computing Business income in certain cases on the basis of Estimated Income Method...
Section 10(23AAA) of the Income Tax Act provides an exemption for income received by any person on behalf...
Under the Explanation to Section 139(9) of the Income Tax Act, 1961, a return is considered defective if...
Navigating the complexities of Goods and Services Tax (GST) can be challenging for businesses, especially...
Order No. [F. No. 225/235/2024/ITA-II] Dated 31st January, 2025
MINISTRY OF FINANCE
(Department of Revenue)
Order...
Capital assets are classified into different categories under the Income Tax Act, 1961, each with unique...