Understanding the intricacies of advance tax and self-assessment tax is crucial for both compliance and...
1. Overview
Legal Provision: Allows TCS collectorsto file a correction statement to rectify errors in...
Notification No. 09/2025 [F. No. 370142/18/2024-TPL] Dated 21th January, 2025
MINISTRY OF FINANCE
(Department...
Section 197A of the Income Tax Act, 1961 provides specific situations where no Tax Deducted at Source...
Section 115JH of the Income Tax Act, 1961, provides transitional and computational rules for foreign...
Tax Audit Forms
The Incomes prescribed two types of forms for tax audit:
Audit Report:
The audit report...
Section 10(23B) of the Income Tax Act provides a tax exemption for income earned by certain institutions...
The Tax Deduction and Collection Account Number (TAN) is a 10-digit alphanumeric number issued by the...
The Goods and Services Tax (GST) Act, 2017, has laid down comprehensive guidelines for recovery proceedings...
1. Key Features of Section 69B
Objective: Targets underreported investmentswhere actual expenditure...
Here’s a detailed analysis of Immunity under Section 270AA of the Income Tax Act, 1961, which protects...
Section 10(23FE) of the Income Tax Act provides a tax exemption for certain types of income earned by...
Section 63 defines what constitutes a revocable transfer for the purposes of Section 61. It clarifies...
The Indian Income Tax Act, 1961, governs the taxation of various sources of income in India. One such...
TDS on Salary (Section 192) and TDS on Provident Fund (Section 192A) are provisions under the Income...
Section 196B of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income paid to non-residents or foreign...
Income chargeable under the head “Income from house property” shall be computed after making...
Section 194J of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made for professional...
Section 10(10CC) of the Income Tax Act, 1961 deals with the taxation of non-monetary perquisites provided...
House Rent Allowance (HRA) is a common component of most employees’ salary packages. It is provided...