Applicable to: Salaried (without HRA) & Self-Employed Individuals
This section provides tax relief...
Section 18 of the Central Goods and Services Tax (CGST) Act, 2017, deals with the availability and eligibility...
Section 292B of the Income Tax Act, 1961, protects income tax proceedings from being invalidated due...
Section 55(2) – Cost of Acquisition of Capital Asset for Computing Capital Gain
Cost of acquisition...
Section 10(4E) of the Income Tax Act, 1961 in India provides an exemption for income earned by a non-resident...
Section 10(34A) of the Income Tax Act provides a tax exemption for shareholders on income received from...
1. Business [Section 2(13)]
Business includes:
Any trade, commerce, or manufacturing activity;
Any adventure...
When a property is partly self-occupied (SOP) and partly let out (LOP), the Income Tax Act treats it...
Section 10(23BBG) of the Income Tax Act provides a full tax exemption for the income of the Central Electricity...
Section 198 of the Income Tax Act, 1961 establishes a fundamental principle that any tax deducted at...
Section 10(23FCA) of the Income Tax Act provides a tax exemption for rental income earned by a Real Estate...
Navigating the complexities of Goods and Services Tax (GST) can be challenging for businesses, especially...
Section 10(12B) of the Income Tax Act, 1961 provides tax exemptions on partial withdrawals from the National...
Purpose:
This section provides a 100% tax exemption to foreign companies on income earned from leasing cruise...
Here’s a detailed breakdown of the tax rates on long-term capital gains (LTCG) for assets not covered...
Section 196C of the Income Tax Act, 1961 mandates Tax Deducted at Source (TDS) on income paid to non-residents (including...
Under the Income Tax Act, 1961, the right to claim a refund depends on who has paid the excess tax and...
The Goods and Services Tax (GST) Act, 2017, has laid down comprehensive guidelines for recovery proceedings...
Section 158AA of the Income Tax Act, 1961 (inserted via Finance Act, 2015) provides a mechanism to prevent...
Introduction
The people of India have reposed their faith in the government led by the Hon’ble Prime...