Introduction:
Section 67 of the Central Goods and Services Tax (CGST) Act, 2017, deals with the power...
Employee Stock Option Plans (ESOPs) are popular mechanisms through which companies attract, retain, and...
So far, we have discussed what are the various incomes, allowances and perquisites which are exempt and...
Section 167 of the Finance Act, 2016 (Chapter VIII) governs the furnishing of statements for the Equalisation...
Section 80U of the Income Tax Act provides relief to individuals with disabilities by allowing them to...
In the intricate landscape of Goods and Services Tax (GST), the concepts of zero-rated supply and export...
S.O. 614(E).-In exercise of the powers conferred by sub-section (2) of section 168 of Finance Act, 2016...
The Finance (No. 2) Bill, 2024, introduces significant amendments to the Central Goods and Services Tax...
Notification No. 08/2025 [F. No. 370153/01/2025-TPL] Dated 20th January, 2025
MINISTRY OF FINANCE
(Department...
As per Section 54D, the Capital Gain arising from the transfer, by way of compulsory acquisition under...
Under the Income Tax Act, 1961, the Principal Chief Commissioner (PCCIT), Chief Commissioner (CCIT),...
Section 194LBA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on specific income...
Under Section 10(18) of the Income Tax Act, certain awardees and their family members are eligible for...
1. Basic Principle of Assessment
Clubbed income is assessed in the hands of the transferor (not the transferee)...
Section 245 of the Income Tax Act, 1961 allows the Income Tax Department to adjust (set off) a taxpayer’s refund...
The treatment of vouchers under GST has been a subject of debate due to their unique nature. This article...
Section 73 of the Income Tax Act, 1961, governs the treatment of speculation business losses, imposing...
Applicable to: All Individual & HUF Taxpayers
This section caps the total deductions available under...
Purpose:
This section provides a tax exemption on family pension received by the widow or children of...
Section 158A of the Income Tax Act, 1961, read with Rule 16 of the Income Tax Rules, 1962, provides a...