Purpose:
This section provides a 100% tax exemption to foreign companies on income earned from leasing cruise...
Section 194-I of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on rent payments exceeding...
Explanation (iv) to Section 48 of the Income Tax Act, 1961, governs the indexation of improvement costs for...
Section 44AE of the Income Tax Act, 1961 provides a simplified presumptive taxation scheme for businesses...
For income to be taxed under the head “Income from House Property” (Sections 22-27 of the...
Section 54GB of the Income Tax Act, 1961 in India provides for the exemption of long-term capital gains...
Section 10(46) of the Income Tax Act, 1961 provides for exemption from income tax of the specified income...
Chargeability/Scope/Meaning of Income under the head “Profits and Gains of Business and Profession” under...
Applicable to: *Farmer Producer Companies (FPCs) registered under Companies Act, 1956/2013*
This section...
Overview of STCG under Section 111A
Short-term capital gains (STCG) arising from the transfer of equity...
TDS on Salary (Section 192) and TDS on Provident Fund (Section 192A) are provisions under the Income...
Section 115JB ensures that companies with substantial book profits but low or no taxable income (due...
Section 198 of the Income Tax Act, 1961 establishes a fundamental principle that any tax deducted at...
Circular No. 01/2025 [F. No. 500/05/2020/FT&TR-II] Dated 21st January, 2025
Government of India
Ministry...
Here we describe all the Provisions towards Calculation of Tax on Short-term Capital Gains under Section...
1. Legal Basis
Section 206C(6A)empowers tax authorities to impose penalties under Section 221 on sellers...
The Income Tax Act, 1961, allows for the waiver or reduction of interest in certain cases, primarily...
Under Section 48 of the Income Tax Act, 1961, certain expenses incurred during the transfer of a capital...
1. Provision by the employer of services of a Sweeper, a Gardener, a Watchman or Personal Attendant...
as per Part “C” of Schedule II of the Companies Act, 2013 after making following assumptions:
The...