The Income Tax Act provides multiple exemptions to reduce or eliminate capital gains tax liability if...
Indian Strategic Petroleum Reserves Limited (ISPRL) plays a crucial role in ensuring the energy security...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
******
New...
Section 10(2A) of the Income Tax Act, 1961 in India exempts a partner’s share in the total income...
Section 9A (Investment Fund Participation Rules):
Indirect investments by Indian residents in offshore...
Section 10(23C) of the Income Tax Act provides tax exemption to certain funds, institutions, universities,...
Section 158A of the Income Tax Act, 1961, read with Rule 16 of the Income Tax Rules, 1962, provides a...
Section 284 of the Income Tax Act, 1961, governs how notices, orders, or summons must be served when...
1. [Section 80C]: Deduction in respect of Life Insurance Premium, Deferred Annuity, Contributions to...
The Equalisation Levy in India, governed by Chapter VIII of the Finance Act, 2016, imposes a tax on certain...
Here’s a detailed explanation of Section 269T of the Income Tax Act, 1961, which governs the mode of...
Notification No. 13/2025 [F. No.370142/9/2024-TPL] Dated 07th February, 2025
MINISTRY OF FINANCE
(Department...
Goods and Services Tax (GST) in India is a comprehensive, multi-stage, destination-based tax that is...
Here’s a detailed analysis of Section 139AA of the Income Tax Act, 1961, which mandates the quoting and...
The transformation of a Partnership Firm or a Proprietorship Firm into a Private Limited Company is a...
Section 10(26) of the Income Tax Act provides special provisions for the income of a member of a Scheduled...
For income to be taxed under the head “Income from House Property” (Sections 22-27 of the...
The Goods and Services Tax framework has undergone significant transformations since its implementation...
I start with GST. It has decreased tax incidence on the common man; reduced compliance burden and logistics...
Here’s a detailed summary of the relaxation of deemed let-out property provisions under the Finance Bill...