Section 194B of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on winnings from games...
Section 194N of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on cash withdrawals exceeding...
1. Understanding of Section 80-IBA
Section 80-IBA of the Income Tax Act, 1961, provides a deduction...
This Trust Deed is made and executed on this [Date] day of [Month], [Year] at [Place] by:
SETTLOR:
Name:...
Under Section 139(4A) of the Income Tax Act, 1961, charitable and religious trusts/institutions must...
Section 17(3) defines “profits in lieu of salary” as payments received by an employee in...
Section 10(6) of the Income Tax Act, 1961 provides an exemption from income tax for certain income received...
Income from salaries is taxable under Sections 15-17 of the Income Tax Act, 1961. It includes all remuneration...
Learn How To Calculate Your Income Tax Liability On Total Income Under The Income Tax Act, 1961. Discover...
Here’s a structured table summarizing the penal provisions related to Tax Collected at Source (TCS) under Sections...
1. Income Tax Law
An understanding of the Income-tax law requires a study of the following:
(I) ...
Section 194-I of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on rent payments exceeding...
Discover How ULIP Taxation 2025-26 Works Under The New Income Tax Act. Learn About Capital Gains Tax...
Compensation received under a Voluntary Retirement Scheme (VRS) or Voluntary Separation Scheme is partially...
Allowances form a significant part of salary income and are classified into three categories for tax...
Notification No. 07/2025 [F. No. 203/20/2024/ITA-II] Dated 14th January, 2025
MINISTRY OF FINANCE
(Department...
Under Section 10(35A) of the Act, any income received by an investor from a securitisation trust is exempt...
Section 194LA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made as...
When non-residents (NRIs/Foreign Investors) transfer shares/debentures of Indian companies, special tax...
What are the Deemed Profits and how they chargeable to Tax as Business Income
1. Recovery against any...