Investment planning is an essential aspect of financial management, especially for middle-class families....
Here’s a detailed summary of the removal of the Equalisation Levy (EL) in India, including key changes,...
Section 43CA of the Income Tax Act, 1961 addresses the taxation of undervalued transactions involving business...
The commuted value of pension refers to the lump sum amount received by an employee in lieu of a portion...
Section 194J of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made for professional...
1. Overview
Introduced: Finance Act, 2004.
Objective: Ensure tax compliance on income from leases/licenses...
Introduction:
Section 67 of the Central Goods and Services Tax (CGST) Act, 2017, deals with the power...
Section 234B(3) deals with the recalculation of interest under Section 234B when the assessed tax is...
According to Section 10(7), allowances or perquisites received by an employee outside of India for rendering...
Section 241A allows the Income Tax Department to withhold refunds in certain cases, even if a taxpayer...
Here’s a detailed explanation of Section 271K of the Income Tax Act, 1961, which deals with penalties...
Overview of Section 10(6C)
Section 10(6C) provides a tax exemption to foreign companies on income received...
Here’s a detailed analysis of Sections 269SU and 271DB of the Income Tax Act, 1961, which mandate businesses...
The following benefits are taxable for all employees, irrespective of their salary or designation. These...
Every person shall quote his permanent account number in all documents pertaining to the transactions...
Order No. [F. No. 225/17/2025-ITA-II] Dated 28th January, 2025
MINISTRY OF FINANCE
(Department of Revenue)
To
All...
Section 10(10A) of the Income Tax Act in India relates to the tax treatment of payments made in commutation...
Kisan Vikas Patra is a certificate scheme from the Indian post office. It doubles a one-time investment...
Here’s a detailed explanation of Section 269T of the Income Tax Act, 1961, which governs the mode of...
Applicable to: Individuals (Salaried & Self-Employed)
This section provides tax benefits for contributions...