Sovereign Gold Bonds (SGBs) are government securities denominated in grams of gold. They are substitutes...
Section 70 of the Income Tax Act, 1961, allows taxpayers to adjust losses from one source against income...
Section 10(23EC) of the Income Tax Act provides a tax exemption for income received by an Investor Protection...
Section 10(12C) of the Income Tax Act, 1961 provides important tax benefits for individuals enrolled...
The article you’re viewing discusses significant changes to the regulations governing Charitable Trusts...
Government of India
Department of Revenue
Ministry of Finance
Central Board of Direct Taxes
New Delhi,...
In the context of the Goods and Services Tax (GST), the term “non-supplies” refers to transactions...
Section 10(22B) of the Income Tax Act, 1961, exempts the income of a specified news agency from tax....
Notification No. 10/2025 [F. No. 370142/26/2024-TPL] Dated 27th January, 2025
MINISTRY OF FINANCE
(Department...
To avail tax exemption under Section 11, a charitable or religious trust must satisfy the following mandatory...
As per Part “C” of Schedule II of the Companies Act, 2013 after making following assumptions:
The...
Here’s a detailed explanation of Penalty under Section 271AAB(1A) of the Income Tax Act, 1961, applicable...
Notwithstanding anything contained in sections 30 to 38, the following amounts shall not be deducted...
The Finance (No. 2) Bill, 2024, introduces significant amendments to the Central Goods and Services Tax...
Section 10(23FB) of the Income Tax Act provides a tax exemption for income earned by a Venture Capital...
Section 194LBA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on specific income...
The Income Tax Act, 1961 provides detailed provisions under Sections 70 to 80 for setting off and carrying...
Interest incomes which are exempt under section 10(15) could be explained with the help of the following...
1. Legal Status of Default
Deductor becomes “Assessee in Default”for:
Failure to deduct...
Section 194-I of the Income Tax Act, 1961, a crucial piece of legislation in India, governs the taxation...