Applicable to: All taxpayers (Individuals, HUFs, Firms, etc.)
This section provides 100% deduction for...
For income to be taxed under the head “Income from House Property” (Sections 22-27 of the...
Under Section 239 of the Income Tax Act, 1961, and related provisions, here are the key details regarding...
Section 80G of the Income Tax Act, 1961 provides provisions for claiming deductions on donations made...
Section 10(10B) of the Income Tax Act in India provides an exemption for compensation received by employees...
1. Provisions of Section 79 not to apply In case of Strategic Disinvestment of Public Sector Companies...
(1) When a company goes into liquidation, it is important to understand the implications it can...
Section 206CC of the Income Tax Act, 1961 mandates a higher Tax Collected at Source (TCS) rate if the...
Applicable to: *Individuals aged 60+ years (including NRIs)*
This section provides higher tax relief...
Section 54H of the Income Tax Act, 1961 in India provided for an extension of time for acquiring a new...
Section 10(22B) of the Income Tax Act, 1961, exempts the income of a specified news agency from tax....
Voluntary Retirement Scheme (VRS) is a mechanism used by companies to reduce their workforce by offering...
Section 115JB mandates that companies calculate Minimum Alternate Tax (MAT) based on book profits (derived...
Under Section 10(17A) of the Income Tax Act, any award or reward received by an individual in recognition...
Section 194DA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payouts from life...
Introduced by the Finance Act, 2023, these provisions impose a “Ceasing Tax” on charitable/religious...
To promote digital transactions, the Income Tax Act mandates certain businesses to compulsorily accept...
Section 10(23BBF) of the Income Tax Act provides a phased tax exemption for the North-Eastern Development...
Here’s a detailed breakdown of the collection and recovery of Equalisation Levy (EL) under Sections 166...
Section 50C of the Indian Income Tax Act, 1961, is applicable to the computation of capital gains in...