A recognized provident fund is a retirement savings scheme that is approved by the government. It is...
Concept:
Section 60applies when a person transfers only the right to receive income from an asset without...
1. Overview
Section 115BBD provided a concessional tax rate of 15% (plus surcharge and cess) on dividends...
Section 10(23BBC) of the Income Tax Act provides a tax exemption for the income of the SAARC Fund for...
The rules for valuation of specified fringe benefits or amenities arc as under:
1. Interest Free Or...
INTRODUCTION:
Form 15CA and Form 15CB are essential documents under the Income Tax Act, 1961, for foreign...
Section 13 of the Income Tax Act, 1961 specifies situations where the tax exemptions under Section 11...
(A) Providing Tax Relief
A.1 Substantial relief is proposed under the new tax regime with new slabs and...
Section 10(6BB) of the Income Tax Act, 1961 provides a tax exemption to foreign governments or foreign...
Section 54GA of the Income Tax Act provides an exemption on capital gains arising from the transfer of...
Section 193 of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest earned from...
Section 192A of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on premature withdrawals...
The commuted value of pension refers to the lump sum amount received by an employee in lieu of a portion...
Notification No. 04/2025 [F. No. 196/1/2023-ITA-I] Dated 3nd January, 2025
MINISTRY OF FINANCE
(Department...
Section 73A of the Income Tax Act, 1961, governs the treatment of losses incurred in specified businesses under Section...
Tax Treatment of Partly Agricultural and Partly Non-Agricultural Income
Tax Treatment of on Composite...
Section 10(23ED) of the Income Tax Act provides a tax exemption for income received by an Investor Protection...
Section 80QQB of the Income Tax Act provides a deduction in respect of royalty income earned by authors....
Here’s a detailed breakdown of the valuation of motor car perquisites under Rule 3(2) of the Income Tax...
Here’s a detailed breakdown of the penalties for failure to deduct or pay Equalisation Levy (EL) under Section...