What is PAN?
Permanent Account Number (PAN) is a unique ten-digit alphanumeric identifier issued by...
Section 156 of the Income Tax Act, 1961, governs the issuance of demand notices by the Assessing Officer...
(1) Unit Linked Insurance Policies (ULIPs) have gained popularity as a dual investment-cum-insurance...
Section 292B of the Income Tax Act, 1961, protects income tax proceedings from being invalidated due...
1. [Section 56(2)]: List of Incomes included under ‘Income from Other Sources’
There are many incomes...
Section 10(20) of the Income Tax Act, 1961 provides exemption from income tax for the income of a local...
The Deduction and Collection of Tax at Source (TDS/TCS) provisions under the Income Tax Act, 1961 are...
Section 10(6) of the Income Tax Act, 1961 provides tax exemptions for certain types of remuneration received...
Section 17(3) defines “profits in lieu of salary” as payments received by an employee in...
Income chargeable under the head “Income from house property” shall be computed after making...
Tax on distributed income of domestic company for buy-back of shares
Special provisions relating to tax...
Under the Income Tax Act, 1961, and the Constitution of India, an appeal can be filed before the Supreme...
Section 10(6D) provides a tax exemption to non-residents (other than foreign companies) on income received...
1. Automated Processing by CPC-TDS
Centralized Processing Center (CPC-TDS)processes all TDS returns
Auto-validationof...
CBDT issues clarification in respect of Income-tax clearance certificate (ITCC)-Press Release by PIB
Ministry of Finance
CBDT issues clarification in respect of Income-tax clearance certificate (ITCC)
It...
Applicable to: All taxpayers (Individuals, HUFs, Firms, etc.)
This section provides 100% deduction for...
Circular No. 07/2024 [F. No.173/25/2024-ITA-I] Dated 25th April, 2024: A Detailed Analysis
The Central...
The Goods and Services Tax (GST) Act, 2017, has laid down comprehensive guidelines for recovery proceedings...
Section 10(23B) of the Income Tax Act provides a tax exemption for income earned by certain institutions...
Section 10(34A) of the Income Tax Act provides a tax exemption for shareholders on income received from...