Applicability:
Section 234A(1) of the Income Tax Act, 1961, levies interest if an assessee fails to file their...
Notification No. 09/2025 [F. No. 370142/18/2024-TPL] Dated 21th January, 2025
MINISTRY OF FINANCE
(Department...
Enrolment Duration
Expenditure Duration
Beneficiaries
Central Outlay
Years
(lakhs)
(Rs....
1. Overview
Section 293C of the Income Tax Act, 1961 empowers the Central Government to withdraw approvals...
The residential status of a company is a crucial factor in determining its tax liability in India. Section...
A Hindu Undivided Family (HUF) is a unique entity recognized by the Indian tax system. It is a family...
Section 234B(3) deals with the recalculation of interest under Section 234B when the assessed tax is...
Finance Bill 2025 Relaxes Deemed Let-Out Property Rule. Now Own 2 Self-Occupied Homes Tax-Free Without...
Amendment of section 9.
110. In the Central Goods and Services Tax Act, 2017 (12 of 2017.) (hereinafter...
Here’s a detailed explanation of Penalty under Section 271AAB(1A) of the Income Tax Act, 1961, applicable...
Section 10(48A) of the Income Tax Act provides an exemption in respect of income earned by a foreign...
Section 10(23BBE) of the Income Tax Act provides a complete tax exemption for the income of the Insurance...
Discover All Revised TDS Threshold Limits FY 2025-26. Learn About New Section 194T, Doubled Senior Citizen...
1. Mandatory E-Filing Requirement
All tax deductorsmust electronically file quarterly TDS statements
Applies...
1. Basic Framework
Companies are taxed on their total incomecomputed under the Income Tax Act, 1961.
Tax...
Section 10(23ED) of the Income Tax Act provides a tax exemption for income received by an Investor Protection...
Introduction:
Section 67 of the Central Goods and Services Tax (CGST) Act, 2017, deals with the power...
This section provides exemption for certain allowances received by employees to meet expenses incurred in...
Section 194M of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on certain payments made...
1. Overview
Introduced: Finance Act, 2004.
Objective: Ensure tax compliance on income from leases/licenses...