Section 194-IC of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on monetary payments...
Section 10(23FCA) of the Income Tax Act provides a tax exemption for rental income earned by a Real Estate...
Under the Income Tax Act, 1961, and the Constitution of India, an appeal can be filed before the Supreme...
Section 10(23FC) of the Income Tax Act provides a tax exemption for specific types of income earned by...
INTRODUCTION-
In the realm of Goods and Services Tax (GST), credit and Debit notes play a pivotal role...
1. Fundamental Principle
TDS Credit Mechanism: Any tax deducted at source (TDS) is treated as:
Payment...
Purpose:
This section provides a full tax exemption on income earned by scientific research associations that...
1. Rationalization of provisions of TDS on sale of immovable property [Section 194-IA amended w.e.f....
Section 54GA of the Income Tax Act, 1961, provides tax exemption on capital gains when a business relocates...
Under Section 10(2) of the Income Tax Act, 1961, the sum received by a member from a Hindu Undivided...
This Trust Deed is made and executed on this [Date] day of [Month], [Year] at [Place] by:
SETTLOR:
Name:...
1. Key Features of Section 69A
Objective: Targets unexplained money, jewellery, or assetsfound in possession...
Section 10(11A) provides full tax exemption on withdrawals from a Sukanya Samriddhi Account (SSA), making...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New...
(1) When an asset is acquired by the government through the process of compulsory acquisition,...
Applicable to: Indian Resident Individuals (Inventors/Patent Holders)
This section provides tax relief...
Section 64 of the Income Tax Act, 1961, mandates the clubbing of certain incomes earned by family members...
Section 92 of The Income Tax Act 1961, states that any income, expenditure interest & allocation...
This section provides tax exemptions on certain types of interest income earned from specified bonds,...
Section 10(4) of the Income Tax Act, 1961 in India provides an exemption for certain types of interest...