This Trust Deed is made and executed on this [Date] day of [Month], [Year] at [Place] by:
SETTLOR:
Name:...
Under Section 234C of the Income Tax Act, taxpayers are generally required to pay advance tax in instalments....
In India, the Income Tax Act provides various exemptions to taxpayers to encourage investments and promote...
Section 10(23EC) of the Income Tax Act provides a tax exemption for income received by an Investor Protection...
Applicable to: Individual authors/researchers (Indian residents)
This section provides tax relief on royalty...
1. Basic Rule for HUF Residency
A HUF is Resident in India if:
“Control and management of its affairs...
Section 10(23BBG) of the Income Tax Act provides a full tax exemption for the income of the Central Electricity...
Interest income is one of the common sources of income for individuals and businesses alike. When it...
Section 10(20) of the Income Tax Act, 1961 provides exemption from income tax for the income of a local...
Leave salary, or leave encashment, refers to the payment an employee receives for unused leave days....
Section 144A of the Income Tax Act, 1961, empowers the Joint Commissioner (JCIT) to intervene in pending...
Section 115JB(2) mandates that the Statement of Profit & Loss (P&L) for MAT computation must...
Section 65: Audit By Tax Authorities:
Understanding the intricate process of GST audits, as outlined...
As per Section 54D, the Capital Gain arising from the transfer, by way of compulsory acquisition under...
Section 45(1) of the Income Tax Act, 1961 is the foundational provision that defines how and when capital...
Section 10(10AA) of the Income Tax Act, 1961 provides important tax exemptions for leave encashment (also...
1. Legal Basis and Purpose
Section 203Amandates obtaining a 10-digit alphanumeric TAN for entities deducting/collecting...
Section 194B of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on winnings from games...
Section 197A of the Income Tax Act, 1961 provides specific situations where no Tax Deducted at Source...
1. [Section 56(2)]: List of Incomes included under ‘Income from Other Sources’
There are many incomes...