1. Introduction to Loss Carry Forward
When losses cannot be fully adjusted in the same financial year,...
Purpose:
This section provides a full tax exemption on income earned by approved news agencies that operate...
A recognized provident fund is a retirement savings scheme that is approved by the government. It is...
Section 80DD of the Income Tax Act in India provides a deduction for individuals or Hindu Undivided Families...
The transformation of a Partnership Firm or a Proprietorship Firm into a Private Limited Company is a...
Section 40A of the Income Tax Act, 1961 specifies certain expenses or payments that cannot be deducted while...
Section 10(16) of the Income Tax Act, 1961 provides exemption from income tax for scholarships granted...
(1) Conditions to be satisfied for applicability of Section 112A [Section 112A(1)]:
Notwithstanding...
1. Scope of Total Income / Incidence of Tax [Section 5]
Total income of an assessee cannot be computed...
Section 28 of the Income Tax Act, 1961, is a key provision that defines the types of income chargeable...
Section 50C of the Indian Income Tax Act, 1961, is applicable to the computation of capital gains in...
Under the Income Tax Act, 1961, taxpayers have several remedies against orders passed by the Commissioner...
Section 230 of the Income Tax Act, 1961 mandates certain individuals to obtain a Tax Clearance Certificate...
Under Section 253 of the Income Tax Act, 1961, appeals can be filed before the Income Tax Appellate Tribunal...
While the income from other sources is taxable, there are certain amounts that are not deductible while...
List of all Other Deductions which are specified under section 36 of the Indian Income Tax Act,1961,...
Income tax laws in India provide various deductions and exemptions to taxpayers, helping them reduce...
Under the Income Tax Act, 1961, and the Constitution of India, an appeal can be filed before the Supreme...
1. Legal Basis and Purpose
Section 203Amandates obtaining a 10-digit alphanumeric TAN for entities deducting/collecting...
Section 139(4) of the Income Tax Act, 1961, allows taxpayers to file a belated return if they miss the...