Section 190 of the Income Tax Act, 1961, governs the provisions related to Tax Deduction at Source (TDS),...
Applicable to: Individual taxpayers
This section provides a deduction for interest paid on loans taken...
Section 10(4D) of the Income Tax Act, 1961 in India provides an exemption for certain income earned by...
Unit Linked Insurance Plans (ULIPs) are a unique financial product that offers the dual benefits of life...
Section 195 of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made to non-residents...
1. Legal Basis
Proviso to Section 206C(3): Requires sellers/collectorsto submit a statement of TCS collected...
Here’s a detailed analysis of the tax treatment of family pension payments received by legal heirs of...
As per Section 44AA and Rule 6F, persons carrying on Business and Professions specified below are mandatorily...
1. Legal Provision Overview
Section 206C(1B): Mandates that sellers(collectors of TCS) must submit buyer...
Income from house property is one of the five heads of income under the Income Tax Act, 1961. It applies...
Section 54GB of the Income Tax Act, 1961 in India provides for the exemption of long-term capital gains...
Section 10(11) of the Income Tax Act provides tax exemption on withdrawals from a Statutory Provident...
Special Economic Zones (SEZs) have emerged as key drivers of economic growth and development in many...
(1) Introduction to Section-71 (Inter-Head Adjustment)
Under the Indian Income Tax Act, 1961, taxpayers...
Section 10(6) of the Income Tax Act, 1961 provides an exemption from income tax for certain income received...
Section 10(23BB) of the Income Tax Act provides a tax exemption for the income of a Khadi and Village...
Here we describe all the Provisions towards Calculation of Tax on Short-term Capital Gains under Section...
1. Legal Requirement
Section 206C(5): Mandates that every seller/collectormust issue a TCS certificate...
Section 234A(4) of the Income Tax Act, 1961, deals with the adjustment of interest when there is a subsequent revision,...
A Post Office Savings Account is one of the most popular and accessible savings accounts in India.
The...