Rule 12 of the Income Tax Rules, 1962, prescribes the forms, conditions, and procedures for filing income...
Short Answer: No, the Annual Value (AV) or Net Annual Value (NAV) of a property cannot be negative under...
Section 234A(4) of the Income Tax Act, 1961, deals with the adjustment of interest when there is a subsequent revision,...
Unit Linked Insurance Plans (ULIPs) are a unique financial product that offers the dual benefits of life...
Here’s a detailed explanation of the taxability of dividends under Section 56(2)(i) as “Income...
Here’s a detailed explanation of Section 271K of the Income Tax Act, 1961, which deals with penalties...
Section 10(4H) of the Income Tax Act, 1961 in India provides an exemption for certain income earned by...
1. Section 35(1A) relating to Filing Of Statement of any sum received by a Research Association, University,...
Section 194G of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on commission or remuneration...
Section 211 of the Income Tax Act, 1961, mandates the payment of advance tax in four instalments during...
Section 54EC of the Income Tax Act, 1961, provides tax exemption on long-term capital gains (LTCG) from...
Section 10(23AAB) of the Income Tax Act provides an exemption for income of a pension fund set up by:
Life...
Section 196B of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income paid to non-residents or foreign...
Under the Income Tax Act, 1961, and the Constitution of India, an appeal can be filed before the Supreme...
The Tonnage Tax Scheme is a special taxation regime introduced under Chapter XII-G (Sections 115V to...
So far, we have discussed what are the various incomes, allowances and perquisites which are exempt and...
Tax incentives to International Financial Services Centre
International Financial Services Centre (IFSC)...
Income arising to a shareholder on account of Buy Back of Shares is governed by Section 10(34A) of the...
TDS on Salary (Section 192) and TDS on Provident Fund (Section 192A) are provisions under the Income...
The Supreme Court of India’s decision in the case of Chief Commissioner of Central Goods and Services...