Basic Rule
Under Section 64(1A), all income of a minor child (below 18 years) is automatically clubbed with...
Section 193 of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest earned from...
1. Introduction to Section 70 –
The Indian Income Tax Act, 1961, provides various provisions for...
Unit Linked Insurance Plans (ULIPs) are a unique financial product that offers the dual benefits of life...
Section 10(4E) of the Income Tax Act, 1961 provides an exemption from tax on income arising from the...
An Income Tax Survey is a legal procedure under Section 133A of the Income Tax Act, 1961, where tax authorities...
Section 80GG of the Income Tax Act allows individuals to claim deductions for the rent paid when they...
Under the Income Tax Act, there are certain provisions that govern the taxation of income earned by minors....
Political parties play a crucial role in any democratic society. They serve as the voice of the people,...
In the following Cases, Instances of Agricultural and Non-Agricultural Incomes are described in details...
Section 28 of the Income Tax Act, 1961 defines the incomes chargeable under the head “Profits and...
A. Changes in Basic Customs Duty (to be effective from 24.07.2024)
S. No.
Chapter, Heading, sub-...
Section 139AA was introduced in the Income Tax Act, 1961, with effect from July 1, 2017, to make it mandatory...
When an employer provides accommodation in a hotel, guest house, or similar facility, its taxability...
1. Legal Requirement
Section 206C(5): Mandates that every seller/collectormust issue a TCS certificate...
Applicable to: All businesses (except freelancers)*
This section provides 30-60% additional wage cost...
Section 194-I of the Income Tax Act, 1961, a crucial piece of legislation in India, governs the taxation...
1. Clarification in respect of Disallowance under Section 14A in absence of any Exempt Income during...
The Capital Gains Accounts Scheme (CGAS) 1988 is a scheme under the Income Tax Act, 1961, in India. It...
Section 10(23BBA) of the Income Tax Act provides a tax exemption for the income of any body or authority...