Section 10(1) of the Income-tax Act, 1961 exempts agricultural income from income-tax. However, net agricultural...
The Budget 2025 has introduced enhanced threshold limits for TDS, ensuring that smaller transactions...
1. Definition of “Person” under Section 2(31)
Section 2(31) of the Income Tax Act, 1961...
1. Overview
Section 115BBD provided a concessional tax rate of 15% (plus surcharge and cess) on dividends...
Under Section 139(3) of the Income Tax Act, 1961, taxpayers can file a Return of Loss to carry forward...
Here’s a structured table summarizing the penal provisions related to Tax Collected at Source (TCS) under Sections...
1. Scope of Total Income / Incidence of Tax [Section 5]
Total income of an assessee cannot be computed...
Notification No. 09/2025 [F. No. 370142/18/2024-TPL] Dated 21th January, 2025
MINISTRY OF FINANCE
(Department...
The introduction of Section 128A in the Central Goods and Services Tax (CGST) Act, 2017, by the Finance...
Section 211 of the Income Tax Act, 1961, mandates the payment of advance tax in four instalments during...
Section 281B of the Income Tax Act, 1961, deals with the Provisional Attachment of Property to Protect...
Section 10(44) of the Income Tax Act, 1961 provides for exemption from income tax in India in respect...
The Indian Income Tax Act, 1961 classifies taxable income under five distinct heads, with “Income...
The commuted value of pension refers to the lump sum amount received by an employee in lieu of a portion...
Section 10(23F) of the Income Tax Act provided a tax exemption for dividends and long-term capital gains...
A scrutiny (regular) assessment under Section 143(3) is a comprehensive evaluation of a taxpayer’s return...
Section 72 of the Income Tax Act, 1961, governs the carry forward and set-off of business losses, allowing...
Tax incentives to International Financial Services Centre
International Financial Services Centre (IFSC)...
The Post Office has been a trusted place for depositing and transacting with money. This is especially...
Introduction
The Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax...