Applicable to: *Farmer Producer Companies (FPCs) registered under Companies Act, 1956/2013*
This section...
Basic Rule
Under Section 64(1A), all income of a minor child (below 18 years) is automatically clubbed with...
Learn How Charge Of Income Tax Section 4 Functions Under The Income Tax Act, 1961. Understand Assessment...
Section 245MA of the Income Tax Act, 1961, introduces a faceless dispute resolution mechanism for small...
1. Scope of Section 56(2)(id)
This provision covers interest income from securities when:
Not chargeable...
Applicable to: Salaried (without HRA) & Self-Employed Individuals
This section provides tax relief...
Section 10(11A) provides full tax exemption on withdrawals from a Sukanya Samriddhi Account (SSA), making...
The Income Tax Act contains provisions to prevent tax avoidance by transferring income to other persons...
Certain BCD exemptions entries under S No. 50/2017-Customs dated 30.6.2017 and other notifications are...
Here’s a detailed breakdown of the penalties for failure to deduct or pay Equalisation Levy (EL) under Section...
Death-cum-Retirement Gratuity is an important financial benefit provided to employees in India. It is...
Section 194LD of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest income paid...
Under the Income Tax Act, 1961, and the Constitution of India, an appeal can be filed before the Supreme...
Block Assessment Under Section 158BC Consolidates Undisclosed Income From Search Cases. Learn About The...
Notification No. 09/2025 [F. No. 370142/18/2024-TPL] Dated 21th January, 2025
MINISTRY OF FINANCE
(Department...
The provisions relating to Direct Taxes for the Financial Year 2025-26 in India include several key changes...
National Pension System (NPS) is a retirement benefit Scheme introduced by the Government of India to...
Section 80TTB of the Income Tax Act, 1961 provides a special deduction to senior citizens in respect...
1. Documents Required to Apply for NRI PAN Card
As a Non-Resident Indian (NRI), obtaining a Permanent...
Arrears of salary refer to payments received by an employee for work done in previous financial years...