Revocation of Cancellation of Registration under GST is a process that allows a taxpayer to restore their...
Section 10(25) of the Income Tax Act provides tax exemptions for income earned by various retirement-related...
Section 44AE of the Income Tax Act, 1961 provides a simplified presumptive taxation scheme for businesses...
Section 158AA of the Income Tax Act, 1961 (inserted via Finance Act, 2015) provides a mechanism to prevent...
Section 115BAB of the Income Tax Act, 1961 provides a concessional tax rate of 15% (plus surcharge &...
Section 72 of the Income Tax Act, 1961, governs the carry forward and set-off of business losses, allowing...
Section 194M of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on certain payments made...
Section 10(23FBB) of the Income Tax Act deals with taxation of business income earned by unit holders...
Compensation received by an individual or their legal heirs in the event of a disaster is governed by...
(A) Valuation of Perquisites: Sweeper, Gardener, Watchman, or Personal Attendant [Rule 3(3)]
Under Rule...
The Inverted Duty Structure (IDS) under the Goods and Services Tax (GST) regime is a situation where...
Here’s a detailed breakdown of the collection and recovery of Equalisation Levy (EL) under Sections 166...
Section 10(11) of the Income Tax Act provides tax exemption on withdrawals from a Statutory Provident...
Applicable to: All taxpayers (Individuals, HUFs, Firms, etc.)
This section provides 100% deduction for...
Section 194T, introduced by the Finance (No. 2) Bill, 2024, is effective from April 1, 2025. This section...
The Income Tax Appellate Tribunal (ITAT) is the final fact-finding authority under the Income Tax Act,...
E-Invoicing has been implemented in India in a phased manner since 1st October 2020. Let us discuss whether...
House Rent Allowance (HRA) is a common component of most employees’ salary packages. It is provided...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi,...
Applicable to: *Individuals aged 60+ years (including NRIs)*
This section provides higher tax relief...