Section 54GB of the Income Tax Act, 1961 in India provides for the exemption of long-term capital gains...
The Indian Income Tax Act, 1961 classifies taxable income under five distinct heads, with “Income...
1. Section 70: Inter-Source Adjustment – Set Off of Loss from one Source against Income from another...
Section 10(23FC) of the Income Tax Act provides a tax exemption for specific types of income earned by...
Section 192 mandates employers to deduct Tax Deducted at Source (TDS) from employees’ salaries...
Revocation of Cancellation of Registration under GST is a process that allows a taxpayer to restore their...
Section 147 of the Income Tax Act, 1961, deals with the reassessment of income if the Assessing Officer...
Section 9 of the Income Tax Act, 1961, is a critical provision that determines when income is considered...
Under Section 261 of the Income Tax Act, 1961, an appeal can be filed before the Supreme Court of India against...
Notification No. 03/2025 [F. No. 275/109/2024-IT(B)] Dated 2nd January, 2025
MINISTRY OF FINANCE
(Department...
as per Part “C” of Schedule II of the Companies Act, 2013 after making following assumptions:
The...
Applicable to: DPIIT-recognized startups (Private Companies/LLPs)
This section provides a 100% tax deduction...
While the income from other sources is taxable, there are certain amounts that are not deductible while...
Leave salary, or leave encashment, refers to the payment an employee receives for unused leave days....
Compensation received under a Voluntary Retirement Scheme (VRS) or Voluntary Separation Scheme is partially...
The Income Tax Law in India is a complex and ever-changing set of regulations that govern the taxation...
Applicable to: Salaried (without HRA) & Self-Employed Individuals
This section provides tax relief...
Section 234D of the Income Tax Act, 1961, mandates that taxpayers repay excess refunds received during...
Section 264A of the Income Tax Act, 1961, introduced by the Taxation Laws (Relaxation and Amendment)...
Section 194M of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on certain payments made...