Section 10(19A) of the Income Tax Act, 1961, exempts the annual value of one palace in the occupation...
Rule 12 of the Income Tax Rules, 1962, prescribes the forms, conditions, and procedures for filing income...
Here’s a structured table summarizing the penal provisions related to Tax Collected at Source (TCS) under Sections...
Get Startup Tax Exemption India guidance under Section 80-IAC. Claim a 100% tax holiday for 3 years with...
Section 10(25) of the Income Tax Act provides tax exemptions for income earned by various retirement-related...
Section 44AB of the Income Tax Act, 1961 mandates a compulsory tax audit for businesses and professionals...
The Finance (No. 2) Bill, 2024, introduces significant amendments to the Central Goods and Services Tax...
Section 55(2) – Cost of Acquisition of Capital Asset for Computing Capital Gain
Cost of acquisition...
Section 196A of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income paid to non-residents (including foreign...
Under Section 139(4C) of the Income Tax Act, 1961, specific categories of non-profit entities must file...
Section 54F of the Income Tax Act, 1961, provides tax exemption on long-term capital gains (LTCG) from...
The Central Board of Indirect Taxes and Customs (CBIC) has released Notification No. 12/2024–Central...
Here’s a detailed explanation of tax relief under Section 89(1) read with Rule 21A of the Income Tax...
1. Overview
Section 115BA provides a concessional tax rate of 22% (plus surcharge & cess) for new...
Following Business are required to get their Accounts compulsory Tax Audited by a Chartered Accountant...
The Income Tax Act provides multiple exemptions to reduce or eliminate capital gains tax liability if...
1. Basic Concept of HUF
An HUF (Hindu Undivided Family) is a separate legal entity for tax purposes,...
1. Legal Basis
Section 206C(6A)empowers tax authorities to impose penalties under Section 221 on sellers...
Section 10(48) of the Income Tax Act provides an exemption in respect of income received by certain foreign...
TDS on Salary (Section 192) and TDS on Provident Fund (Section 192A) are provisions under the Income...