Section 10(23C) of the Income Tax Act, 1961 provides for the exemption of income of certain funds of...
The Income Tax Act, 1961 contains provisions related to search, seizure, survey, and special procedures...
Purpose:
This section provides a tax exemption on payments made by an Indian company to a foreign entity...
Section 10(23EC) of the Income Tax Act provides a tax exemption for income received by an Investor Protection...
Discover The New TCS Rules April 2025. Learn About Higher LRS Thresholds, Education Loan Exemptions,...
Tax incentives to International Financial Services Centre
International Financial Services Centre (IFSC)...
Following Business are required to get their Accounts compulsory Tax Audited by a Chartered Accountant...
Section 194-IA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made for...
Purpose:
This section provides tax exemption to professional associations (like medical councils, bar...
Introduction
Section 54B of the Income Tax Act, 1961, provides an exemption on capital gains arising...
Section 10(23AA) of the Income Tax Act provides an exemption for income received by any person on behalf...
Purpose:
This section provides full tax exemption on certain allowances received by:
Members of Parliament...
In the context of the Goods and Services Tax (GST), the term “non-supplies” refers to transactions...
With the increasing concerns about climate change and the need to reduce pollution, there has been a...
The Income Tax Act, 1961, provides a special procedure for assessments in search cases to ensure thorough...
1. General Rule for All Non-Company Entities [Section 6(2)]
The residential status of Firms, AOPs, BOIs,...
Notification No. 02/2025 [F. No. 275/110/2024-IT(B)] Dated 2nd January, 2025
MINISTRY OF FINANCE
(Department...
Section 196A of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income paid to non-residents (including foreign...
Here’s a detailed breakdown of incomes exempt under Section 11 of the Income Tax Act, 1961, for charitable...