The taxation of dividends in India has undergone significant changes over the years. This article aims...
1. Rationalization of provisions of TDS on sale of immovable property [Section 194-IA amended w.e.f....
Where any person receives at any time during any previous year any money or other assets under an insurance...
S.O. 1905(E) – In exercise of the powers conferred by sub-section (1) and sub-section (2) of section...
Understanding of Capital Gain
When it comes to the transfer of shares or debentures by non-residents,...
The provisions of Finance (No. 2) Bill, 2024 (hereafter referred to as “the Bill”), relating...
Section 10(6) of the Income Tax Act, 1961 provides an exemption from income tax for certain income received...
Understanding of Section 56(2)(i)
In India, the taxation of dividends is governed by the provisions of...
![Incomes of Political Parties [Section-13A]](https://incometaxmanagement.in/wp-content/uploads/2023/10/60-Exempted-Incomes-Section-13A.png)
Political parties play a crucial role in any democratic society. They serve as the voice of the people,...
A Hindu Undivided Family (HUF) is a unique entity recognized by the Indian tax system. It is a family...
Pensions are fixed sums of money that individuals receive at regular intervals after retirement. They...
Amendment of section 5.
147. In the Integrated Goods and Services Tax Act, 2017 (13 of 2017.) (hereinafter...
Amendment of section 9.
110. In the Central Goods and Services Tax Act, 2017 (12 of 2017.) (hereinafter...
National Pension System (NPS) is a retirement benefit Scheme introduced by the Government of India to...
Section 80DD of the Income Tax Act in India provides a deduction for individuals or Hindu Undivided Families...
Understanding of Section 54B
Agriculture plays a vital role in the economy of many countries, providing...
The Finance (No. 2) Bill, 2024, has introduced several significant amendments to the capital gains tax...
Section 45(3) of the Indian Income Tax Act, 1961, deals with the taxation of capital gains arising from...
Amendment of section 7.
151. In the Union Territory Goods and Services Tax Act, 2017 (14 of 2017.) (hereinafter...
Section 80JJAA of the Indian Income Tax Act, 1961 provides a valuable deduction for employers who create...