Section 139AA was introduced in the Income Tax Act, 1961, with effect from July 1, 2017, to make it mandatory...
Notification No. 13/2025 [F. No.370142/9/2024-TPL] Dated 07th February, 2025
MINISTRY OF FINANCE
(Department...
1. Purpose of Section 115JAA
Allows companies to claim creditfor excess MAT paid (when MAT > normal...
1. Scope of Section 56(2)(id)
This provision covers interest income from securities when:
Not chargeable...
Section 43CB of the Income Tax Act, 1961 standardizes the computation of income from construction contracts and service...
Under Section 234C of the Income Tax Act, taxpayers are generally required to pay advance tax in instalments....
House Rent Allowance (HRA) is a common component of most employees’ salary packages. It is provided...
Section 194B of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on winnings from games...
According to Section 10(7), allowances or perquisites received by an employee outside of India for rendering...
Section 10(23FB) of the Income Tax Act provides a tax exemption for income earned by a Venture Capital...
Section 80G of the Income Tax Act, 1961 provides provisions for claiming deductions on donations made...
Here’s a detailed analysis of Sections 269SU and 271DB of the Income Tax Act, 1961, which mandate businesses...
Under the Explanation to Section 139(9) of the Income Tax Act, 1961, a return is considered defective if...
Under the Income Tax Act, 1961, and the Constitution of India, an appeal can be filed before the Supreme...
Section 10(23FBA) of the Income Tax Act provides a targeted tax exemption for investment funds—but with...
Concept:
Section 61states that if an asset is transferred in a revocable manner, any income from that...
Section 10(23EC) of the Income Tax Act provides a tax exemption for income received by an Investor Protection...
Annual Value is the taxable value assigned to a property for calculating “Income from House Property”....
Section 74A of the Income Tax Act, 1961, provides specific rules for the treatment of losses incurred...
1. Definition & Applicability
Entertainment Allowance is a special allowance given to employees to...