Section 10(23FE) of the Income Tax Act provides an exemption in respect of certain income of wholly owned...
Section 80U of the Income Tax Act provides relief to individuals with disabilities by allowing them to...
Special Provisions for computing Business income in certain cases on the basis of Estimated Income Method...
Section 194LBA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on specific income...
1. Importance of Residential Status
Residential status determines:
Which incomes are taxable in India...
Section 10(10B) of the Income Tax Act in India provides an exemption for compensation received by employees...
Applicable to: Registered Cooperative Societies
This section provides full or partial tax exemptions to...
The Faceless Appeal Scheme, 2021, introduced via Notification No. 139/2021 dated 28th December 2021,...
Ministry of Finance
FAQs issued by CBDT on the new Capital Gains Tax Regime proposed in the Union Budget...
Investment planning is an essential aspect of financial management, especially for middle-class families....
Section 194LD of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest income paid...
Section 167 of the Finance Act, 2016 (Chapter VIII) governs the furnishing of statements for the Equalisation...
Section 18 of the Central Goods and Services Tax (CGST) Act, 2017, deals with the availability and eligibility...
Here’s a detailed explanation of Section 271K of the Income Tax Act, 1961, which deals with penalties...
The Income Tax Bill 2025 will come into effect from April 1, 2026, after it is vetted by a Select Committee...
Introduction
The Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax...
Rule 12 of the Income Tax Rules, 1962, prescribes the forms, conditions, and procedures for filing income...
Section 190 of the Income Tax Act, 1961, governs the provisions related to Tax Deduction at Source (TDS),...
Section 10(23BBC) of the Income Tax Act provides a tax exemption for the income of the SAARC Fund for...
The following benefits are taxable for all employees, irrespective of their salary or designation. These...