Introduction
The Goods and Services Tax (GST) registration process in India has seen a significant shift...
Section 234H of the Income Tax Act, 1961 imposes a fee for failure to intimate/link one’s Aadhaar...
A. Changes in Basic Customs Duty (to be effective from 24.07.2024)
S. No.
Chapter, Heading, sub-...
Section 10(10BC) of the Income Tax Act, 1961, provides an exemption for compensation received by an individual...
Here’s a comprehensive analysis of Section 56(2)(viib) of the Income Tax Act, 1961, which taxes share...
Ministry of Finance
FAQs issued by CBDT on the new Capital Gains Tax Regime proposed in the Union Budget...
The Tax Deduction and Collection Account Number (TAN) is a 10-digit alphanumeric number issued by the...
Zero-coupon bonds, also known as deep discount bonds, are fixed-income securities that do not pay periodic...
Section 10(34A) of the Income Tax Act provides a tax exemption for shareholders on income received from...
1. Introduction to Section 80CCD
Section 80CCD of the Indian Income Tax Act, 1961, provides for deductions...
Section 10(10B) of the Income Tax Act in India provides an exemption for compensation received by employees...
Applicable to: Individuals (Salaried & Self-Employed)
This section provides tax benefits for contributions...
Under Section 17(2) of the Income Tax Act, 1961, certain perquisites are taxable for all employees, regardless...
(A) Valuation of Perquisites: Sweeper, Gardener, Watchman, or Personal Attendant [Rule 3(3)]
Under Rule...
Section 13 of the Income Tax Act, 1961 specifies situations where the tax exemptions under Section 11...
Section 69D targets hundi transactions (an informal financial instrument) conducted without banking channels,...
The commuted value of pension refers to the lump sum amount received by an employee in lieu of a portion...
Circular No. 07/2024 [F. No.173/25/2024-ITA-I] Dated 25th April, 2024: A Detailed Analysis
The Central...
Overview of STCG under Section 111A
Short-term capital gains (STCG) arising from the transfer of equity...
Applicable to: Registered Cooperative Societies
This section provides full or partial tax exemptions to...