Understanding of Section 56(2)(i)
In India, the taxation of dividends is governed by the provisions of...
Section 211 of the Income Tax Act, 1961, mandates the payment of advance tax in four instalments during...
Section 54H of the Income Tax Act, 1961, provides an extension of the reinvestment period for claiming...
1. Understanding of Section 80-IBA
Section 80-IBA of the Income Tax Act, 1961, provides a deduction...
1. Definition of ‘Transfer’ [Section 2(47)]
A transfer includes:
Sale, exchange, or relinquishment
Compulsory...
1. Legal Basis
Section 206C(3): Mandates deposit of Tax Collected at Source (TCS)to the Central Government...
Learn Section 37 Business Expenditure: Which Business Expenses Are Deductible Under The Income Tax Act....
Ministry of Finance
HIGHLIGHTS OF UNION BUDGET 2025-26
Posted On: 01 FEB 2025 1:29PM by PIB Delhi
PART...
Section 7 of the Income Tax Act, 1961, defines certain incomes that are deemed to be received in India,...
Rule 12 of the Income Tax Rules, 1962, prescribes the forms, conditions, and procedures for filing income...
Income tax laws in India provide various deductions and exemptions to taxpayers, helping them reduce...
Learn The New Partner Remuneration Deduction Limits Under Section 40(B) And TDS Rules Under Section 194T...
1. Set-Off Rules for Current Year Losses
Intra-head adjustment (Section 70):
Business losses can be...
Section 10(10A) of the Income Tax Act in India relates to the tax treatment of payments made in commutation...
Under Section 10(17A) of the Income Tax Act, any award or reward received by an individual in recognition...
Section 285B of the Income Tax Act, 1961, mandates producers of cinematograph films and persons engaged...
Under the Income Tax Act, 1961, taxpayers have several remedies against orders passed by the Commissioner...
Section 201(1A) of the Income Tax Act, 1961, imposes interest on a deductor (employer, company, etc.)...
Section 43CB of the Income Tax Act, 1961 standardizes the computation of income from construction contracts and service...
The “Full Value of Consideration” (FVC) is the total amount received or receivable when a...