Unit Linked Insurance Plans (ULIPs) are a unique financial product that offers the dual benefits of life...
Order No. [F. No. 225/235/2024/ITA-II] Dated 31st January, 2025
MINISTRY OF FINANCE
(Department of Revenue)
Order...
Exemption of amount received by an individual as Loan under Reverse Mortgage Scheme [Section 10(43)]
Reverse mortgage is a financial scheme that allows senior citizens to convert their home equity into...
S.O. 614(E).-In exercise of the powers conferred by sub-section (2) of section 168 of Finance Act, 2016...
Notification No. 08/2025 [F. No. 370153/01/2025-TPL] Dated 20th January, 2025
MINISTRY OF FINANCE
(Department...
Section 206CC of the Income Tax Act, 1961 mandates a higher Tax Collected at Source (TCS) rate if the...
Section 244A governs the payment of interest on income tax refunds to assessees. Below is a detailed...
The Indian Income Tax Act, 1961, governs the taxation of various sources of income in India. One such...
Under Section 23(2) to (4) of the Income Tax Act, 1961, a self-occupied residential property (SOP) is...
Introduction
The Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax...
Start-ups in India can benefit from significant tax exemptions under Section 80-IAC of the Income-tax...
Section 80RRB of the Income Tax Act, 1961, provides for a deduction in respect of royalty income received...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New...
The term “actual cost” in the context of asset acquisition plays a pivotal role in income...
A survey under Section 133A of the Income Tax Act, 1961 is a legal procedure allowing income-tax authorities...
Purpose:
This section provides a full tax exemption on income earned by approved news agencies that operate...
Goods and Services Tax (GST) in India is a comprehensive, multi-stage, destination-based tax that is...
1. Provisions of Section 79 not to apply In case of Strategic Disinvestment of Public Sector Companies...
Section 9A (Investment Fund Participation Rules):
Indirect investments by Indian residents in offshore...
Section 115BAA of the Income Tax Act, 1961 provides a concessional tax rate of 22% (plus surcharge &...