Overview
Section 157A of the Income Tax Act, 1961, was introduced to empower the Central Government to...
Gratuity is a lump-sum payment made by an employer to an employee as a token of appreciation for long-term...
Here’s a detailed analysis of Section 275 of the Income Tax Act, 1961, which governs the time limits...
Under the Income Tax Act, individuals and Hindu Undivided Families (HUFs) have the option to be taxed...
Income arising to a shareholder on account of Buy Back of Shares is governed by Section 10(34A) of the...
Under Section 10(4D) of the Income Tax Act, a specified fund is eligible for certain exemptions on its...
1. Introduction to Section 80CCD
Section 80CCD of the Indian Income Tax Act, 1961, provides for deductions...
Section 115BAC of the Income Tax Act, 1961, introduces a simplified tax regime with lower slab rates...
1. Rationalization of provisions of TDS on sale of immovable property [Section 194-IA amended w.e.f....
Enrolment Duration
Expenditure Duration
Beneficiaries
Central Outlay
Years
(lakhs)
(Rs....
The deductions under Chapter VI-A (Sections 80A to 80U) are subject to certain overarching rules that...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New...
Section 194P of the Income Tax Act, 1961, provides a TDS exemption for senior citizens (aged 75+) with...
Section 234B(3) deals with the recalculation of interest under Section 234B when the assessed tax is...
1. Overview
Section 115BBD provided a concessional tax rate of 15% (plus surcharge and cess) on dividends...
Section 10(19) of the Income Tax Act provides an exemption for the family pension received by the family...
Start-ups in India can benefit from significant tax exemptions under Section 80-IAC of the Income-tax...
The Income Tax Act, 1961, mandates taxpayers to submit certain documents, statements, and disclosures along...
Section 25A of the Income Tax Act, 1961, governs the tax treatment of arrears of rent (unpaid rent recovered...
Under Section 139(4A) of the Income Tax Act, 1961, charitable and religious trusts/institutions must...