1. Business [Section 2(13)]
Business includes:
Any trade, commerce, or manufacturing activity;
Any adventure...
Section 194D of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made as insurance...
Circular No. 01/2025 [F. No. 500/05/2020/FT&TR-II] Dated 21st January, 2025
Government of India
Ministry...
Certain BCD exemptions entries under S No. 50/2017-Customs dated 30.6.2017 and other notifications are...
Section 139AA was introduced in the Income Tax Act, 1961, with effect from July 1, 2017, to make it mandatory...
Yes, a loss can arise under “Income from House Property” due to high interest on home loans or low...
Under Section 23(5) of the Income Tax Act, 1961, a key exemption applies to real estate developers and...
Section 10(10A) of the Income Tax Act in India relates to the tax treatment of payments made in commutation...
Under Section 240 of the Income Tax Act, 1961, refunds arising from appellate or other proceedings are...
Section 139(4) of the Income Tax Act, 1961, allows taxpayers to file a belated return if they miss the...
Section 9 of the Income Tax Act, 1961 is an important provision that deals with the taxation of income...
Section 10(48A) of the Income Tax Act provides an exemption in respect of income earned by a foreign...
A closely held company (where the public is not substantially interested) is subject to stricter tax...
Section 142A of the Income Tax Act, 1961 empowers the Assessing Officer (AO) to refer matters of asset...
Section 54GB of the Income Tax Act, 1961 in India provides for the exemption of long-term capital gains...
Applicable to: Registered Cooperative Societies
This section provides full or partial tax exemptions to...
The Income Tax Act, 1961 allows charitable and religious trusts to apply for belated registration under Section...
The Budget 2025 has introduced enhanced threshold limits for TDS, ensuring that smaller transactions...
Introduction
The Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax...
Amendment of section 9.
110. In the Central Goods and Services Tax Act, 2017 (12 of 2017.) (hereinafter...