Section 80G of the Income Tax Act, 1961 provides provisions for claiming deductions on donations made...
Section 45(3) of the Indian Income Tax Act, 1961, deals with the taxation of capital gains arising from...
Tax Treatment of Partly Agricultural and Partly Non-Agricultural Income
Tax Treatment of on Composite...
Section 194H of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made as commission...
An approved research association refers to an organization that is primarily engaged in scientific research....
Under Section 10(35A) of the Act, any income received by an investor from a securitisation trust is exempt...
Section 10(6D) provides a tax exemption to non-residents (other than foreign companies) on income received...
Introduction:
Section 67 of the Central Goods and Services Tax (CGST) Act, 2017, deals with the power...
Key Rule
When an individual converts their self-acquired property into HUF (Joint Family) property, any...
Section 281 empowers the Income Tax Department to declare certain asset transfers as void if made during...
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...
Discover All Revised TDS Threshold Limits FY 2025-26. Learn About New Section 194T, Doubled Senior Citizen...
An Electoral Trust is a unique entity that plays a crucial role in the political funding of political...
When a property is partly self-occupied (SOP) and partly let out (LOP), the Income Tax Act treats it...
Sovereign Gold Bonds (SGBs) are government securities denominated in grams of gold. They are substitutes...
Under Section 240 of the Income Tax Act, 1961, refunds arising from appellate or other proceedings are...
The following Essential & Basic Rules have to be kept in mind while calculating Deductions under...
Overview of Section 112A
Section 112A of the Income Tax Act, 1961 governs the taxation of long-term capital...
A survey under Section 133A of the Income Tax Act, 1961 is a legal procedure allowing income-tax authorities...
Section 142 empowers the Assessing Officer (AO) to conduct a preliminary inquiry before finalizing an...