Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi,...
Section 169 of the Finance Act, 2016 (Chapter VIII) governs the rectification of mistakes in the context...
Section 10(5) of the Income Tax Act, 1961, provides an exemption for Leave Travel Concession (LTC) or Leave...
Section 10(23BB) of the Income Tax Act provides a tax exemption for the income of a Khadi and Village...
As per Section 54D, the Capital Gain arising from the transfer, by way of compulsory acquisition under...
Section 142B of the Income Tax Act, 1961 empowers the Central Government to make schemes for faceless...
Section 80RRB of the Income Tax Act, 1961, provides for a deduction in respect of royalty income received...
Here’s a detailed analysis of Section 271J of the Income Tax Act, 1961, which imposes penalties...
Discover How ULIP Taxation 2025-26 Works Under The New Income Tax Act. Learn About Capital Gains Tax...
Here’s a detailed explanation of Section 40(a)(ib) of the Income Tax Act, 1961, which deals with...
Section 218 of the Income Tax Act, 1961 deals with situations where a taxpayer is considered to be in...
Here’s a detailed analysis of the tax treatment of family pension payments received by legal heirs of...
“Deemed profits” are amounts that aren’t traditional business income, but are still taxed as business...
Applicable to: Banks/Financial Institutions operating in IFSCs (e.g., GIFT City)
This section provides 100%...
Section 10(13A) of the Income Tax Act, 1961 provides an exemption for the House Rent Allowance (HRA) received...
Section 10(10C) of the Income Tax Act provides tax exemption on compensation received by an employee...
1. Overview
Under Section 210(1) of the Income Tax Act, 1961, taxpayers liable for advance tax must voluntarily...
The taxation of dividends in India has undergone significant changes over the years. This article aims...
Section 234B(4) of the Income Tax Act, 1961 provides for the adjustment of interest when there is a subsequent...
Ministry of Finance
HIGHLIGHTS OF UNION BUDGET 2025-26
Posted On: 01 FEB 2025 1:29PM by PIB Delhi
PART...