1. Key Features of Section 69
Objective: Targets unexplained investments(e.g., property, gold, shares)...
1. Understanding of Section 80-IBA
Section 80-IBA of the Income Tax Act, 1961, provides a deduction...
Section 139B of the Income Tax Act, 1961, allows taxpayers to file their income tax returns through authorized...
Applicable to: Indian Resident Individuals (Inventors/Patent Holders)
This section provides tax relief...
Section 73 of the Income Tax Act, 1961, governs the treatment of speculation business losses, imposing...
Introduction
The people of India have reposed their faith in the government led by the Hon’ble Prime...
Section 10(23BBE) of the Income Tax Act provides a complete tax exemption for the income of the Insurance...
1. General Rule for All Non-Company Entities [Section 6(2)]
The residential status of Firms, AOPs, BOIs,...
Section 115BAB of the Income Tax Act, 1961, was introduced by the Finance Act, 2019, to provide a lower...
Section 10(4F) specifically applies to income earned by a non-resident from a unit of an International...
Section 73A of the Income Tax Act, 1961, governs the treatment of losses incurred in specified businesses under Section...
Section 80C of the Income Tax Act allows individuals to claim deductions on certain investments and expenses,...
Introduction-
The CBIC vide Notification No. 04/2024 – Central Tax dated January 05, 2024, notified the...
The Faceless Appeal Scheme, 2021, introduced via Notification No. 139/2021 dated 28th December 2021,...
Revocation of Cancellation of Registration under GST is a process that allows a taxpayer to restore their...
The introduction of Section 128A in the Central Goods and Services Tax (CGST) Act, 2017, by the Finance...
Section 54G of the Income Tax Act, 1961, provides tax exemption on capital gains arising from the transfer...
Section 211 of the Income Tax Act, 1961, mandates the payment of advance tax in four instalments during...
Section 193 of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest earned from...
1. Definition of “Person” under Section 2(31)
Section 2(31) of the Income Tax Act, 1961...