Section 234A(4) of the Income Tax Act, 1961, deals with the adjustment of interest when there is a subsequent revision,...
Section 115JB mandates that companies calculate Minimum Alternate Tax (MAT) based on book profits (derived...
Section 234H of the Income Tax Act, 1961 imposes a fee for failure to intimate/link one’s Aadhaar...
Section 80RRB of the Income Tax Act, 1961, provides for a deduction in respect of royalty income received...
The Finance Bill 2025, presented by Finance Minister Nirmala Sitharaman as part of the Union Budget 2025-26,...
Section 10(30) of the Income Tax Act provides a tax exemption for subsidies received by tea growers and...
Section 153 prescribes strict deadlines for completing assessments, reassessments, and recomputations under...
Section 65 clarifies the tax liability of the transferee (recipient of income/assets) when income is...
Section 169 of the Finance Act, 2016 (Chapter VIII) governs the rectification of mistakes in the context...
Section 218 of the Income Tax Act, 1961 deals with situations where a taxpayer is considered to be in...
Section 147 empowers the Assessing Officer (AO) to reassess or recompute income that has escaped taxation in...
(1) When an asset is acquired by the government through the process of compulsory acquisition,...
Applicable to: Businesses engaged in collecting/processing biodegradable waste
This section provides...
Circular No. 01/2025 [F. No. 500/05/2020/FT&TR-II] Dated 21st January, 2025
Government of India
Ministry...
The Income Tax Act, 1961 provides detailed provisions under Sections 70 to 80 for setting off and carrying...
Section 194-IB of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on rent payments exceeding ₹50,000/month by individuals...
Section 139AA was introduced in the Income Tax Act, 1961, with effect from July 1, 2017, to make it mandatory...
Section 10(10C) of the Income Tax Act provides tax exemption on compensation received by an employee...
Section 80JJAA of the Indian Income Tax Act, 1961 provides a valuable deduction for employers who create...
(1) Conditions to be satisfied for applicability of Section 112A [Section 112A(1)]:
Notwithstanding...