Section 132A empowers the Income Tax Department to requisition (take custody of) books of account, documents,...
Applicable to: Individuals, HUFs, Firms, AOPs, BOIs, and others (except companies)
This section provides...
Section 139(1) of the Income Tax Act, 1961, lays down the rules for who must file an Income Tax Return...
Here’s a detailed analysis of Section 273B of the Income Tax Act, 1961, which provides immunity from...
Notification No. 07/2025 [F. No. 203/20/2024/ITA-II] Dated 14th January, 2025
MINISTRY OF FINANCE
(Department...
1. Covered Entities (Section 10(23C))
The following enjoy 100% tax exemption on their income:
Funds/institutions...
In the context of the Goods and Services Tax (GST), the term “non-supplies” refers to transactions...
Section 194LBC of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on income distributed...
Section 10(37) of the Income Tax Act provides a capital gains exemption for individuals or Hindu Undivided...
Section 10(23BB) of the Income Tax Act provides a tax exemption for the income of a Khadi and Village...
Under the Income Tax Act, 1961, certain transactions involving capital assets are excluded from the definition...
Section 10(23BBH) of the Income Tax Act provides a complete tax exemption for the income of Prasar Bharati...
Section 10(23FE) of the Income Tax Act provides an exemption in respect of certain income of wholly owned...
1. Source of the funds or any other sum provided by the lender to the borrower and credited in hooks...
Section 10(10A) of the Income Tax Act in India relates to the tax treatment of payments made in commutation...
The authority vested in officers for search and seizure is a crucial aspect of upholding tax laws and...
Notification No. 03/2025 [F. No. 275/109/2024-IT(B)] Dated 2nd January, 2025
MINISTRY OF FINANCE
(Department...
1. Scope of Total Income / Incidence of Tax [Section 5]
Total income of an assessee cannot be computed...
Tax Treatment of Partly Agricultural and Partly Non-Agricultural Income
Tax Treatment of on Composite...
1. Scope of Total Income / Incidence of Tax [Section 5]
Total income of an assessee cannot be computed...