Section 132 of the Income Tax Act, 1961, empowers the Income Tax Department to conduct search and seizure...
Section 28 of the Income Tax Act, 1961, is a key provision that defines the types of income chargeable...
1. Overview
Introduced: Finance Act, 2004.
Objective: Ensure tax compliance on income from leases/licenses...
Section 194DA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payouts from life...
Section 139D of the Income Tax Act, 1961, mandates electronic filing (e-filing) of income tax returns...
Section 10(23BBF) of the Income Tax Act provides a phased tax exemption for the North-Eastern Development...
Revocation of Cancellation of Registration under GST is a process that allows a taxpayer to restore their...
Section 194C of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made to resident...
Section 10(4B) of the Income Tax Act, 1961 in India provides an exemption for interest income earned...
Section 45(3) of the Indian Income Tax Act, 1961, deals with the taxation of capital gains arising from...
Section 234F of the Income Tax Act, 1961 imposes a late filing fee if an assessee fails to file their...
Under Section 237 of the Income Tax Act, 1961, the following persons are entitled to claim a refund of...
Section 10(23C) of the Income Tax Act, 1961 provides for the exemption of income of certain funds of...
Section 13 of the Income Tax Act, 1961 specifies situations where the tax exemptions under Section 11...
Section 54F of the Income Tax Act, 1961, provides tax exemption on long-term capital gains (LTCG) from...
Section 234D of the Income Tax Act, 1961, mandates that taxpayers repay excess refunds received during...
Here’s a detailed analysis of Section 271J of the Income Tax Act, 1961, which imposes penalties...
The Income Tax Law in India is a complex and ever-changing set of regulations that govern the taxation...
Applicable to: Individuals & HUFs
This section provides tax relief for expenses incurred on the care...
1. Overview
Introduced: Finance Act 2021 (effective from 1st July 2021).
Purpose: Imposes higher Tax...