(1) When an asset is acquired by the government through the process of compulsory acquisition,...
Get Startup Tax Exemption India guidance under Section 80-IAC. Claim a 100% tax holiday for 3 years with...
Section 10(46) of the Income Tax Act, 1961 provides for exemption from income tax of the specified income...
Section 10(6) of the Income Tax Act, 1961 provides an exemption from income tax for certain income received...
Section 36 of the Income Tax Act, 1961 lists specific deductions allowed against business income, in...
Under the Income Tax Act, 1961, the right to claim a refund depends on who has paid the excess tax and...
1. Overview
Applicability: Mandates sellersto collect Tax at Source (TCS) on receipt of sale consideration from...
Understanding Section 71: Inter-Head Adjustment
Section 71 of the Income Tax Act, 1961 allows taxpayers...
Section 153 prescribes strict deadlines for completing assessments, reassessments, and recomputations under...
Section 293B of the Income Tax Act, 1961, empowers the Central Board of Direct Taxes (CBDT) to condone...
The Income Tax Appellate Tribunal (ITAT) derives its adjudicatory powers from Section 254 of the Income...
1. Gratuity
Gratuity is a payment made by the employer to an employee in appreciation of the past services...
Section 10(6) of the Income Tax Act, 1961 provides tax exemptions for certain types of remuneration received...
Applicable to: Individuals & HUFs
This section provides tax relief for expenses incurred on the care...
Applicable to: Banks/Financial Institutions operating in IFSCs (e.g., GIFT City)
This section provides 100%...
Here we discuss all the Provisions towards Computation of Capital Gain in certain Special Cases and the...
A Charitable and Religious Trust is a type of non-profit organization that is formed for the purpose...
(A) Valuation of Perquisites: Sweeper, Gardener, Watchman, or Personal Attendant [Rule 3(3)]
Under Rule...
1. Automated Processing by CPC-TDS
Centralized Processing Center (CPC-TDS)processes all TDS returns
Auto-validationof...
Special Provisions for computing Business income in certain cases on the basis of Estimated Income Method...