Every person shall quote his permanent account number in all documents pertaining to the transactions...
1. Provisions of Section 79 not to apply In case of Strategic Disinvestment of Public Sector Companies...
Here’s a detailed breakdown of Penalty under Section 271DA of the Income Tax Act, 1961, for failure to...
INTRODUCTION-
The Goods and Services Tax (GST) is a comprehensive and multi-stage tax system that aims...
Section 293D empowers the Central Government to implement a faceless (digital) scheme for granting approvals...
Section 80RRB of the Income Tax Act, 1961, provides for a deduction in respect of royalty income received...
Section 10(23AA) of the Income Tax Act provides an exemption for income received by any person on behalf...
Section 10(10AA) of the Income Tax Act, 1961 provides important tax exemptions for leave encashment (also...
Section 70 of the Income Tax Act, 1961, allows taxpayers to adjust losses from one source against income...
The Income Tax Act, 1961, includes specific provisions to protect the interests of Micro, Small, and...
1. Covered Entities (Section 10(23C))
The following enjoy 100% tax exemption on their income:
Funds/institutions...
Here’s a detailed explanation of Penalty under Section 271H of the Income Tax Act, 1961, which applies...
Section 10(23BBE) of the Income Tax Act provides a complete tax exemption for the income of the Insurance...
Applicable to: *Resident Individuals with 40%+ Disability*
This section provides fixed tax deductions to...
Under Section 139(4B) of the Income Tax Act, 1961, political parties in India are mandatorily required to...
Investment planning is an essential aspect of financial management, especially for middle-class families....
Section 194-O of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made by e-commerce...
Section 10(4D) of the Income Tax Act, 1961 in India provides an exemption for certain income earned by...
Section 44ADA of the Income Tax Act, 1961 provides a simplified presumptive taxation scheme for eligible...
INTRODUCTION-
The Goods and Services Tax (GST) system has revolutionized taxation in India, streamlining...