It was introduced under chapter VIII of Finance Act, 2016. This chapter came in to force from 1st June,...
Section 10(23C) of the Income Tax Act provides tax exemption to certain funds, institutions, universities,...
Here’s a detailed analysis of Section 273A of the Income Tax Act, 1961, which empowers tax authorities...
Section 234B(3) deals with the recalculation of interest under Section 234B when the assessed tax is...
Section 194H of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made as commission...
Section 10(23EC) of the Income Tax Act provides a tax exemption for income received by an Investor Protection...
Applicable to: *Farmer Producer Companies (FPCs) registered under Companies Act, 1956/2013*
This section...
The Central Board of Direct Taxes (CBDT) has issued Notification No. 2 of 2024, which addresses the time...
Section 55(2) of the Income Tax Act, 1961, provides crucial rules for determining the cost of acquisition of...
Section 10(10A) of the Income Tax Act in India relates to the tax treatment of payments made in commutation...
Section 10(13A) of the Income Tax Act, 1961 provides an exemption for the House Rent Allowance (HRA) received...
GST Audit under Section 65 of the CGST Act, 2017 is conducted by the tax authorities to verify the correctness...
An individual may either be a:
(a) Resident in India; or
(b) Deemed to be Resident In India...
The Finance (No. 2) Bill, 2024, has introduced several significant amendments to the capital gains tax...
Note:
(a) “Basic Excise Duty” means the excise duty set forth in the Fourth Schedule to the...
Section 132 of the Income Tax Act empowers tax authorities to conduct searches and seize undisclosed...
Under Section 240 of the Income Tax Act, 1961, refunds arising from appellate or other proceedings are...
Notification No. 08/2025 [F. No. 370153/01/2025-TPL] Dated 20th January, 2025
MINISTRY OF FINANCE
(Department...
Section 197A of the Income Tax Act, 1961 provides specific situations where no Tax Deducted at Source...
Applicable to: All taxpayers (Individuals, HUFs, Companies, etc.)
This section provides tax benefits...