Circular No. 01/2025 [F. No. 500/05/2020/FT&TR-II] Dated 21st January, 2025
Government of India
Ministry...
National Pension System (NPS) is a retirement benefit Scheme introduced by the Government of India to...
Section 10(2A) of the Income Tax Act, 1961 in India exempts a partner’s share in the total income...
1. Key Features of Section 69
Objective: Targets unexplained investments(e.g., property, gold, shares)...
Section 234E of the Income Tax Act, 1961, imposes a late filing fee for delays in submitting TDS (Tax...
Here’s a detailed breakdown of the valuation of motor car perquisites under Rule 3(2) of the Income Tax...
Section 283 of the Income Tax Act, 1961, provides special rules for serving notices when:
A Hindu Undivided...
Section 10(24) of the Income Tax Act provides a tax exemption for certain types of income earned by registered...
Section 197 of the Income Tax Act, 1961 provides a mechanism for taxpayers to obtain certificates for...
Here’s a detailed analysis of Section 139AA of the Income Tax Act, 1961, which mandates the quoting and...
The Budget 2025 has introduced enhanced threshold limits for TDS, ensuring that smaller transactions...
When it comes to dealing with various processes and procedures, understanding the time limits, forms,...
Interest income is one of the common sources of income for individuals and businesses alike. When it...
Rule 12 of the Income Tax Rules, 1962, prescribes the forms, conditions, and procedures for filing income...
Section 192A of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on premature withdrawals...
1. Legal Provision
Section 206C(6)imposes penalties on sellers/collectors who fail to collect Tax Collected...
1. Section 80-IAC: Deduction in respect of Eligible Business or Eligible Start Up
Understanding of Section...
Employee Stock Option Plans (ESOPs) are popular mechanisms through which companies attract, retain, and...
1. Overview
Applicability: Mandates sellersto collect Tax at Source (TCS) on receipt of sale consideration from...
Section 10(13A) of the Income Tax Act, 1961 provides an exemption for the House Rent Allowance (HRA) received...