Under the Income Tax Act, 1961, individuals and Hindu Undivided Families (HUFs) can claim exemptions...
1. Key Features of Section 69B
Objective: Targets underreported investmentswhere actual expenditure...
Section 10(23BBF) of the Income Tax Act provides a phased tax exemption for the North-Eastern Development...
Income arising to a shareholder on account of Buy Back of Shares is governed by Section 10(34A) of the...
Section 293D empowers the Central Government to implement a faceless (digital) scheme for granting approvals...
Arrears of salary refer to payments received by an employee for work done in previous financial years...
Under the Explanation to Section 139(9) of the Income Tax Act, 1961, a return is considered defective if...
Section 194-I of the Income Tax Act, 1961, a crucial piece of legislation in India, governs the taxation...
The Income Tax Act provides multiple exemptions to reduce or eliminate capital gains tax liability if...
Section 10(23BBH) of the Income Tax Act provides a complete tax exemption for the income of Prasar Bharati...
This section provides exemption for certain allowances received by employees to meet expenses incurred in...
Under Section 237 of the Income Tax Act, 1961, the following persons are entitled to claim a refund of...
The Goods and Services Tax framework has undergone significant transformations since its implementation...
1. Legal Provision Overview
Section 206C(1B): Mandates that sellers(collectors of TCS) must submit buyer...
Section 115BAC of the Income Tax Act, 1961, introduces a simplified tax regime with lower slab rates...
Section 10(12C) of the Income Tax Act, 1961 provides important tax benefits for individuals enrolled...
Sukanya Samriddhi Account is a Government of India backed saving scheme targeted at the parents of girl...
1. Legal Requirement
Section 206Amandates specified entities to file statements for payments made to...
Section 10(12A) of the Income Tax Act, 1961 provides that any amount received by an individual from the...
Section 30 to 35 covers the following expenses Allowed as Deduction while computing Profits and Gains...