1. Computation of Income under the head Income from “Salaries”
The first head of income is...
Section 9, Income Accrue or Deemed to Accrue or Arise in India :
Section 9 describes the Incomes which...
Section 10(6D) provides a tax exemption to non-residents (other than foreign companies) on income received...
1. Basic Rule for HUF Residency
A HUF is Resident in India if:
“Control and management of its affairs...
Section 196A of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income paid to non-residents (including foreign...
Section 10(10C) of the Income Tax Act provides tax exemption on compensation received by an employee...
Section 25 of the Income Tax Act lays down a specific disallowance: certain types of interest payments...
1. Definition of “Person” under Section 2(31)
Section 2(31) of the Income Tax Act, 1961...
Purpose:
This section provides full tax exemption on certain allowances received by:
Members of Parliament...
Section 273AA of the Income Tax Act, 1961, empowers the Principal Commissioner or Commissioner to grant...
Under Section 10(4D) of the Income Tax Act, a specified fund is eligible for certain exemptions on its...
Section 71B of the Income Tax Act, 1961, governs the carry forward and set-off of losses from house property,...
Income tax laws can be complex and confusing, especially when it comes to understanding the various exemptions...
1. Documents Required to Apply for NRI PAN Card
As a Non-Resident Indian (NRI), obtaining a Permanent...
Employee Stock Option Plan (ESOP) has gained popularity as a tool for employee retention, especially...
Section 194-I of the Income Tax Act, 1961, a crucial piece of legislation in India, governs the taxation...
E-Invoicing has been implemented in India in a phased manner since 1st October 2020. Let us discuss whether...
The Income Tax Act, 1961, provides a special procedure for assessments in search cases to ensure thorough...
The tax treatment of interest, premium, or bonus on specified investments is governed by Section 10(15)...
Applicable to: Individuals (Salaried & Self-Employed)
This section provides tax benefits for contributions...