Section 80E: Deduction in respect of Payment of Interest on Loan taken for Higher Education
Education is an essential aspect of personal and professional growth. However, pursuing higher education...
[Section 194M]: TDS on Payments by Individuals/HUFs for Specified Expenses
Section 194M of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on certain payments made...
Equalisation Levy (EL) Statement Scheme,2023
S.O. 614(E).-In exercise of the powers conferred by sub-section (2) of section 168 of Finance Act, 2016...
Section 10(23EA)- Tax Exemption for income received by an Investor Protection Fund (IPF)
Section 10(23EA) of the Income Tax Act provides a tax exemption for income received by an Investor Protection...
Physical Verification in GST Registration: An In-depth Analysis
Introduction The Goods and Services Tax (GST) registration process in India has seen a significant shift...
Intimation of Loss [Section 157 of the Income Tax Act, 1961]
Section 157 deals with the communication of losses determined by the Assessing Officer (AO) to taxpayers....
Carry Forward and Set Off of Loss from House Property [Section 71B]
Section 71B of the Income Tax Act, 1961, governs the carry forward and set-off of losses from house property,...
Section 10(15A)- Tax Exemption on Lease Payments for Aircraft
Purpose: This section provides a tax exemption on payments made by an Indian company to a foreign entity...
Section 80P: Deduction in respect of Income of Co-operative Societies
Understanding of Section 80P Section 80P of the Income Tax Act, 1961 provides a deduction in respect...
Section 133A: Income Tax Survey Powers - (Power to Conduct Surveys – A Preventive Enforcement Tool)
A survey under Section 133A of the Income Tax Act, 1961 is a legal procedure allowing income-tax authorities...
Faceless Revision of Orders [Section 264A]
Section 264A of the Income Tax Act, 1961, introduced by the Taxation Laws (Relaxation and Amendment)...
Investment in Post Office Savings Account for Tax Saving
A Post Office Savings Account is one of the most popular and accessible savings accounts in India. The...
Exemption from Capital Gains for Individuals and HUFs
Under the Income Tax Act, 1961, individuals and Hindu Undivided Families (HUFs) can claim exemptions...
A Exemption of certain income received by a Specified Fund [Section 10(4D)]
Under Section 10(4D) of the Income Tax Act, a specified fund is eligible for certain exemptions on its...
Amendments Relating to Customs Duty Exemptions / Concessions Being Allowed to Lapse with effect from 30.9.2024 under Finance (No.2) Bill, 2024.
Certain BCD exemptions entries under S No. 50/2017-Customs dated 30.6.2017 and other notifications are...
[Section 234E]: Fee for Delay in Furnishing TDS/TCS Statements
Section 234E of the Income Tax Act, 1961, imposes a late filing fee for delays in submitting TDS (Tax...
[Section 194E]: TDS on Payments to Non-Resident Sportsmen, Sports Associations, or Entertainers
Section 194E of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made to non-resident...
Section 10(23BBH)- Complete Tax Exemption for the income of Prasar Bharati (Broadcasting Corporation of India)
Section 10(23BBH) of the Income Tax Act provides a complete tax exemption for the income of Prasar Bharati...
ULIP Taxation 2025-26: Capital Gains Rules, Tax Rates & Smart Investment Tips
Discover How ULIP Taxation 2025-26 Works Under The New Income Tax Act. Learn About Capital Gains Tax...
Income of certain Funds of National Importance [Section 10(23C)]
Section 10(23C) of the Income Tax Act, 1961 provides for the exemption of income of certain funds of...
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