Tax Treatment of Partly Agricultural and Partly Non-Agricultural Income
Tax Treatment of on Composite...
Section 54H of the Income Tax Act, 1961 in India provided for an extension of time for acquiring a new...
Section 132A empowers the Income Tax Department to requisition (take custody of) books of account, documents,...
Section 10(10CC) of the Income Tax Act, 1961 deals with the taxation of non-monetary perquisites provided...
Understanding Section 10(8B)
Section 10(8B) provides tax exemption for income received by:
Foreign employees
Foreign...
Suo Moto Cancellation of registration may be initiated by the Tax Official for various situations as...
Goods and Services Tax (GST) in India is a comprehensive, multi-stage, destination-based tax that is...
Special Provisions for computing Business income in certain cases on the basis of Estimated Income Method...
Section 10(23ED) of the Income Tax Act provides a tax exemption for income received by an Investor Protection...
Section 140A mandates taxpayers to self-assess their income, calculate tax liability, and pay any outstanding...
Section 281B of the Income Tax Act, 1961, deals with the Provisional Attachment of Property to Protect...
Section 194C of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made to resident...
1. Definition & Applicability
Entertainment Allowance is a special allowance given to employees to...
Ministry of Finance
CAPITAL GAINS TAXATION SIMPLIFIED AND RATIONALISED
SHORT TERM GAINS TO ATTRACT A...
Section 57 of the Income Tax Act, 1961, permits specific deductions while computing taxable income under...
Section 164(2) of the Income Tax Act, 1961, deals with the taxation of discretionary trusts, including charitable...
Section 234A(3) of the Income Tax Act, 1961, deals with interest payable when an assessee fails to file...
1. Perquisites [(Section 17(2)]- Income under the head Salaries
Section 17(2) of the Income-tax Act,...
Applicable to: Registered Cooperative Societies
This section provides full or partial tax exemptions to...
1. Overview
Section 115BBD provided a concessional tax rate of 15% (plus surcharge and cess) on dividends...