1. Legal Basis for TDS Certificates
Section 203of the Income Tax Act, 1961 mandates that every deductor must...
Under the Income Tax Act, 1961, the following business/profession expenses are expressly allowed as deductions...
Arrears of salary refer to payments received by an employee for work done in previous financial years...
Section 194P of the Income Tax Act, 1961, provides a TDS exemption for senior citizens (aged 75+) with...
Income referred to in Section 68, 69A, 69B, 69C and 69D which are undisclosed income and Investments...
The transformation of a Partnership Firm or a Proprietorship Firm into a Private Limited Company is a...
Section 54F of the Income Tax Act, 1961, provides tax exemption on long-term capital gains (LTCG) from...
Overview of Section 10(6C)
Section 10(6C) provides a tax exemption to foreign companies on income received...
Section 234D of the Income Tax Act, 1961, mandates that taxpayers repay excess refunds received during...
Section 18 of the Central Goods and Services Tax (CGST) Act, 2017, deals with the availability and eligibility...
Under the Income Tax Act, individuals and Hindu Undivided Families (HUFs) have the option to be taxed...
Section 10(23EA) of the Income Tax Act provides a tax exemption for income received by an Investor Protection...
The provisions relating to Direct Taxes for the Financial Year 2025-26 in India include several key changes...
Section 65: Audit By Tax Authorities:
Understanding the intricate process of GST audits, as outlined...
The introduction of Section 128A in the Central Goods and Services Tax (CGST) Act, 2017, by the Finance...
Section 10(23BBH) of the Income Tax Act provides a complete tax exemption for the income of Prasar Bharati...
Section 151A empowers the Central Government to implement a faceless, technology-driven scheme for reassessing...
The National Savings Certificate (NSC) is a fixed Income Investment scheme that you can open with any...
Section 158AA of the Income Tax Act, 1961 (inserted via Finance Act, 2015) provides a mechanism to prevent...
Under the Explanation to section 288(2), an “accountant” means a chartered accountant within...