The Indian Income Tax Act, 1961, governs the taxation of various sources of income in India. One such...
Applicable to: *Resident Individuals with 40%+ Disability*
This section provides fixed tax deductions to...
Section 69 of the CGST Act, 2017 grants tax authorities the power to arrest individuals suspected of...
Applicable to: All Individual & HUF Taxpayers
This section caps the total deductions available under...
Section 142 empowers the Assessing Officer (AO) to conduct a preliminary inquiry before finalizing an...
Order No. [F. No. 225/17/2025-ITA-II] Dated 28th January, 2025
MINISTRY OF FINANCE
(Department of Revenue)
To
All...
Gratuity is a payment made by the employer to an employee in appreciation of the past services rendered...
1. Overview
Section 293C of the Income Tax Act, 1961 empowers the Central Government to withdraw approvals...
Section 132 of the Income Tax Act, 1961, empowers the Income Tax Department to conduct search and seizure...
Section 10(2A) of the Income Tax Act, 1961 in India exempts a partner’s share in the total income...
Section 10(23BBG) of the Income Tax Act provides a full tax exemption for the income of the Central Electricity...
Here’s a detailed explanation of Section 40(a)(ib) of the Income Tax Act, 1961, which deals with...
Section 43CB of the Income Tax Act, 1961 standardizes the computation of income from construction contracts and service...
Applicable to: *Farmer Producer Companies (FPCs) registered under Companies Act, 1956/2013*
This section...
Section 10(12A) of the Income Tax Act, 1961 provides that any amount received by an individual from the...
The Supreme Court of India’s decision in the case of Chief Commissioner of Central Goods and Services...
Section 59 deals with deemed income that becomes taxable under the head “Income from Other Sources” when...
When income is clubbed under Sections 60-65 of the Income Tax Act, it is taxed under the same head as...
Under Section 246A of the Income Tax Act, 1961, taxpayers can file an appeal before the Commissioner...
1. Overview
Introduced: Finance Act 2021 (effective from 1st July 2021).
Purpose: Imposes higher Tax...