Section 194C of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made to resident...
Section 28 of the Income Tax Act, 1961 defines the incomes chargeable under the head “Profits and...
1. Definition of “Person” under Section 2(31)
Section 2(31) of the Income Tax Act, 1961...
Section 10(23FBA) of the Income Tax Act provides a targeted tax exemption for investment funds—but with...
The Income Tax Act, 1961, includes specific provisions to protect the interests of Micro, Small, and...
Section 10(2A) of the Income Tax Act, 1961 in India exempts a partner’s share in the total income...
Section 201(1A) of the Income Tax Act, 1961, imposes interest on a deductor (employer, company, etc.)...
Section 140 of the Income Tax Act, 1961 specifies who must verify the return of income and the authorized...
Section 10(32) of the Income Tax Act provides a modest exemption when a minor child’s income is clubbed...
Section 10(6) of the Income Tax Act, 1961 provides tax exemptions for certain types of remuneration received...
Section 194LBA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on specific income...
Section 196B of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income paid to non-residents or foreign...
Section 10(5) of the Income Tax Act, 1961, provides an exemption for Leave Travel Concession (LTC) or Leave...
Section 158A of the Income Tax Act, 1961, read with Rule 16 of the Income Tax Rules, 1962, provides a...
Provisions and Amendments Relating to “Goods and Service Tax (GST)” under Finance (No.2) Bill, 2024.
Note:
(a) CGST Act means Central Goods and Services Tax Act, 2017
(b) IGST Act means...
Section 10(22B) of the Income Tax Act, 1961, exempts the income of a specified news agency from tax....
Section 10(23BBG) of the Income Tax Act provides a full tax exemption for the income of the Central Electricity...
Kisan Vikas Patra is a certificate scheme from the Indian post office. It doubles a one-time investment...
Here’s a detailed explanation of tax relief under Section 89(1) read with Rule 21A of the Income Tax...
GST Audit under Section 65 of the CGST Act, 2017 is conducted by the tax authorities to verify the correctness...