Section 194M of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on certain payments made...
The Income Tax Act contains provisions to prevent tax avoidance by transferring income to other persons...
Here’s a detailed summary of the removal of the Equalisation Levy (EL) in India, including key changes,...
Section 10(30) of the Income Tax Act provides a tax exemption for subsidies received by tea growers and...
Charitable and religious trusts or institutions registered under the Income Tax Act, 1961, are generally...
Applicable to: All businesses (except freelancers)*
This section provides 30-60% additional wage cost...
Applicable to: Manufacturing, SMEs, and select service providers
This section provides partial to full...
Section 191 provides for situations where tax is not deducted at source (TDS) as required under other...
Under Section 23(2) to (4) of the Income Tax Act, 1961, a self-occupied residential property (SOP) is...
Purpose:
This section provides a full tax exemption on the income of local authorities, such as municipalities,...
Retrenchment compensation is the amount paid to a workman (employee) at the time of termination of employment...
Section 283 of the Income Tax Act, 1961, provides special rules for serving notices when:
A Hindu Undivided...
Section 196A of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income paid to non-residents (including foreign...
Section 196B of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income paid to non-residents or foreign...
Section 10(6B) of the Income Tax Act, 1961, provides a tax exemption to non-residents (including foreign...
Section 54F of the Income Tax Act, 1961, provides tax exemption on long-term capital gains (LTCG) from...
Here’s a detailed explanation of Section 170 (Interest on Delayed Payment of Equalisation Levy) under...
Income referred to in Section 68, 69A, 69B, 69C and 69D which are undisclosed income and Investments...
Section 10(23FBB) of the Income Tax Act deals with taxation of business income earned by unit holders...
(1) When an asset is acquired by the government through the process of compulsory acquisition,...