Section 10(34A) of the Income Tax Act provides a tax exemption for shareholders on income received from...
Applicable to: Manufacturing, SMEs, and select service providers
This section provides partial to full...
Here’s a detailed analysis of the tax treatment of family pension payments received by legal heirs of...
Cases or situations of Tax Relief under section Section 89/Rule 21A when Salary is Paid in Arrears or...
Section 10(24) of the Income Tax Act provides a tax exemption for certain types of income earned by registered...
Under Section 139(3) of the Income Tax Act, 1961, taxpayers can file a Return of Loss to carry forward...
Here’s a detailed breakdown of Section 270A of the Income Tax Act, 1961, which imposes penalties for under-reporting and misreporting of...
Notification No. 10/2025 [F. No. 370142/26/2024-TPL] Dated 27th January, 2025
MINISTRY OF FINANCE
(Department...
1. Purpose of Section 115JAA
Allows companies to claim creditfor excess MAT paid (when MAT > normal...
Section 139(1) of the Income Tax Act, 1961, lays down the rules for who must file an Income Tax Return...
Section 10(23BBC) of the Income Tax Act provides a tax exemption for the income of the SAARC Fund for...
Section 9 of the Income Tax Act, 1961 is an important provision that deals with the taxation of income...
Section 45(3) of the Indian Income Tax Act, 1961, deals with the taxation of capital gains arising from...
Section 115JB(4) of the Income Tax Act, 1961, mandates that companies liable for Minimum Alternate Tax...
Here’s a detailed explanation of Section 40(a)(ib) of the Income Tax Act, 1961, which deals with...
Under the Goods and Services Tax (GST) regime, Goods Transport Agency (GTA) and EWAY BILL are critical...
Section 10(44) of the Income Tax Act, 1961 provides for exemption from income tax in India in respect...
Amendment of section 9.
110. In the Central Goods and Services Tax Act, 2017 (12 of 2017.) (hereinafter...
TDS on Salary (Section 192) and TDS on Provident Fund (Section 192A) are provisions under the Income...
Section 140A mandates taxpayers to self-assess their income, calculate tax liability, and pay any outstanding...