Section 92 of The Income Tax Act 1961, states that any income, expenditure interest & allocation...
Section 156 of the Income Tax Act, 1961, governs the issuance of demand notices by the Assessing Officer...
Here’s a detailed explanation of the taxability of dividends under Section 56(2)(i) as “Income...
Yes, under Section 238 of the Income Tax Act, 1961, a person other than the assessee can claim a refund...
Here’s a detailed explanation of the penalty for failure to furnish the Equalisation Levy (EL)...
Section 139AA was introduced in the Income Tax Act, 1961, with effect from July 1, 2017, to make it mandatory...
1. Overview
Introduced: Finance Act, 2004.
Objective: Ensure tax compliance on income from leases/licenses...
In the context of the Goods and Services Tax (GST), the term “non-supplies” refers to transactions...
Section 10(23BBE) of the Income Tax Act provides a complete tax exemption for the income of the Insurance...
Under the Explanation to Section 139(9) of the Income Tax Act, 1961, a return is considered defective if...
Section 10(23C) of the Income Tax Act, 1961 provides for the exemption of income of certain funds of...
Suo Moto Cancellation of registration may be initiated by the Tax Official for various situations as...
Amendment of section 9.
110. In the Central Goods and Services Tax Act, 2017 (12 of 2017.) (hereinafter...
Key Rule:
Section 61 (taxation of revocable transfers) does NOT applyif the transfer is irrevocable...
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 40(a)(ib) of the Income Tax Act, 1961, which deals with...
INTRODUCTION-
In the realm of Goods and Services Tax (GST), credit and Debit notes play a pivotal role...
Insertion of new section 8A.
153. In the Goods and Services Tax (Compensation to States) Act, 2017 (15...
Learn Section 37 Business Expenditure: Which Business Expenses Are Deductible Under The Income Tax Act....
S.O. 1905(E) – In exercise of the powers conferred by sub-section (1) and sub-section (2) of section...