Chapter XIV-B (Sections 158BA, 158BB, 158BE):
Replaces “total income” assessment with “undisclosed...
1. Key Features of Section 69A
Objective: Targets unexplained money, jewellery, or assetsfound in possession...
Short Answer: No, the Annual Value (AV) or Net Annual Value (NAV) of a property cannot be negative under...
According to Section 10(7), allowances or perquisites received by an employee outside of India for rendering...
Section 115BAB of the Income Tax Act, 1961 provides a concessional tax rate of 15% (plus surcharge &...
Tax on distributed income of domestic company for buy-back of shares
Special provisions relating to tax...
1. Legal Basis
Section 206C(3): Mandates deposit of Tax Collected at Source (TCS)to the Central Government...
When income is clubbed under Sections 60-65 of the Income Tax Act, it is taxed under the same head as...
Under Section 240 of the Income Tax Act, 1961, refunds arising from appellate or other proceedings are...
Section 194G of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on commission or remuneration...
Sukanya Samriddhi Account is a Government of India backed saving scheme targeted at the parents of girl...
Section 194LC of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest payments...
Section 115BBE of the Income Tax Act, 1961 imposes a flat 60% tax rate (plus 25% surcharge and 4% cess,...
Under the Income Tax Act, 1961, taxpayers have several remedies against orders passed by the Commissioner...
Section 54GA of the Income Tax Act provides an exemption on capital gains arising from the transfer of...
Section 192 mandates employers to deduct Tax Deducted at Source (TDS) from employees’ salaries...
Here’s a detailed breakdown of tax-free perquisites applicable to all employees under the Income Tax...
National Pension System (NPS) is a retirement benefit Scheme introduced by the Government of India to...
Section 10(24) of the Income Tax Act provides a tax exemption for certain types of income earned by registered...
Section 132B governs how assets seized under Section 132 or requisitioned under Section 132A are to be utilized,...