Section 26 of the Income Tax Act governs the taxation of income from properties jointly owned by two...
Section 281B of the Income Tax Act, 1961, deals with the Provisional Attachment of Property to Protect...
Section 196 of the Income Tax Act, 1961 provides an exemption from Tax Deducted at Source (TDS) for payments...
Section 25 of the Income Tax Act lays down a specific disallowance: certain types of interest payments...
1. Legal Provision
Section 206C(6)imposes penalties on sellers/collectors who fail to collect Tax Collected...
A. Basic Conditions for Section 11 (Income from Property Held for Charitable/Religious Purposes)
Registration...
Under the Income Tax Act, 1961, if a taxpayer or the Income Tax Department is dissatisfied with an order...
The Supreme Court of India’s decision in the case of Chief Commissioner of Central Goods and Services...
Here’s a detailed summary of the relaxation of deemed let-out property provisions under the Finance Bill...
1. Covered Entities (Section 10(23C))
The following enjoy 100% tax exemption on their income:
Funds/institutions...
Notification No. 07/2025 [F. No. 203/20/2024/ITA-II] Dated 14th January, 2025
MINISTRY OF FINANCE
(Department...
Here we discuss all the Provisions towards Computation of Capital Gain in certain Special Cases and the...
Applicable to: Indian Resident Individuals (Inventors/Patent Holders)
This section provides tax relief...
TDS on Salary (Section 192) and TDS on Provident Fund (Section 192A) are provisions under the Income...
The Goods and Services Tax (GST), a comprehensive indirect tax system, has been a transformative step...
Section 169 of the Finance Act, 2016 (Chapter VIII) governs the rectification of mistakes in the context...
S.O. 614(E).-In exercise of the powers conferred by sub-section (2) of section 168 of Finance Act, 2016...
Tax incentives to International Financial Services Centre
International Financial Services Centre (IFSC)...
Section 206C of the Income Tax Act, 1961 mandates sellers to collect tax at source (TCS) from buyers...
Here’s a detailed analysis of Section 271J of the Income Tax Act, 1961, which imposes penalties...