An Income Tax Survey is a legal procedure under Section 133A of the Income Tax Act, 1961, where tax authorities...
Section 43CA of the Income Tax Act, 1961 addresses the taxation of undervalued transactions involving business...
Section 293B of the Income Tax Act, 1961, empowers the Central Board of Direct Taxes (CBDT) to condone...
Certain BCD exemptions entries under S No. 50/2017-Customs dated 30.6.2017 and other notifications are...
Section 64 of the Income Tax Act, 1961, mandates the clubbing of certain incomes earned by family members...
Applicable to: Individuals
This section allows a deduction for contributions made to approved pension...
Notwithstanding anything contained in sections 30 to 38, the following amounts shall not be deducted...
Section 234A(3) of the Income Tax Act, 1961, deals with interest payable when an assessee fails to file...
Tax on distributed income of domestic company for buy-back of shares
Special provisions relating to tax...
When it comes to retirement planning, superannuation funds play a crucial role in providing financial...
Here’s a detailed summary of the removal of the Equalisation Levy (EL) in India, including key changes,...
Section 139(5) of the Income Tax Act, 1961, allows taxpayers to correct errors or omissions in their...
Charitable and religious trusts or institutions registered under the Income Tax Act, 1961, are generally...
Section 80G of the Income Tax Act, 1961 provides provisions for claiming deductions on donations made...
1. Litigation management when in an appeal by revenue an identical question of law is pending before...
1. Making changes or Correction in PAN data
Suppose an applicant needs to change or correct a data on...
Section 10(23FC) of the Income Tax Act provides a tax exemption for specific types of income earned by...
The following benefits are taxable for all employees, irrespective of their salary or designation. These...
Section 69D targets hundi transactions (an informal financial instrument) conducted without banking channels,...
There are many incomes which are taxable under the head ‘Income from Other Sources’. However, section...