Under Section 10(2) of the Income Tax Act, 1961, the sum received by a member from a Hindu Undivided...
1. Purpose of Section 115JAA
Allows companies to claim creditfor excess MAT paid (when MAT > normal...
Section 194M of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on certain payments made...
Here’s a detailed table summarizing the tax treatment of Provident Fund (PF) contributions, interest,...
Section 244A of the Income Tax Act, 1961, governs the interest paid by the Income Tax Department to taxpayers...
INTRODUCTION:
Form 15CA and Form 15CB are essential documents under the Income Tax Act, 1961, for foreign...
Section 69 of the CGST Act, 2017 grants tax authorities the power to arrest individuals suspected of...
Section 115JB ensures that companies with substantial book profits but low or no taxable income (due...
Tax incentives to International Financial Services Centre
International Financial Services Centre (IFSC)...
Section 10(23FCA) of the Income Tax Act provides a tax exemption for rental income earned by a Real Estate...
Tax Treatment of Partly Agricultural and Partly Non-Agricultural Income
Tax Treatment of on Composite...
Overview of Section 112
Section 112 of the Income Tax Act, 1961 governs the taxation of long-term capital...
Any expenditure (not being expenditure of the nature described in sections 30 to 36) and not of capital...
1. Overview
Section 115BBD provided a concessional tax rate of 15% (plus surcharge and cess) on dividends...
With the increasing concerns about climate change and the need to reduce pollution, there has been a...
Annual Value is the taxable value assigned to a property for calculating “Income from House Property”....
Here’s a detailed breakdown of the valuation of motor car perquisites under Rule 3(2) of the Income Tax...
Section 142A of the Income Tax Act, 1961 empowers the Assessing Officer (AO) to refer matters of asset...
Understanding of Section 54B
Agriculture plays a vital role in the economy of many countries, providing...
New Section 44BBD:
Section 44BBD, introduced by the Finance Act 2025, is a presumptive taxation scheme...