Section 194-IA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made for...
Section 54EC of the Income Tax Act, 1961, provides tax exemption on long-term capital gains (LTCG) from...
This Trust Deed is made and executed on this [Date] day of [Month], [Year] at [Place] by:
SETTLOR:
Name:...
Ministry of Finance
Posted On: 22 JAN 2025 8:09PM by PIB Delh
CBDT notifies amendments in Income-tax...
Discover 5 Major IFSC Tax Amendments 2026 For Investment Funds. Learn About Section 9A, 10(4D), 47(Viiad)...
The provisions relating to Direct Taxes for the Financial Year 2025-26 in India include several key changes...
Notification No. 02/2025 [F. No. 275/110/2024-IT(B)] Dated 2nd January, 2025
MINISTRY OF FINANCE
(Department...
Section 45(3) of the Indian Income Tax Act, 1961, deals with the taxation of capital gains arising from...
Introduction
In the world of business and finance, it is not uncommon for companies to convert their...
Kisan Vikas Patra is a certificate scheme from the Indian post office. It doubles a one-time investment...
1. Definition of “Person” under Section 2(31)
Section 2(31) of the Income Tax Act, 1961...
Section 10(23BBH) of the Income Tax Act provides a complete tax exemption for the income of Prasar Bharati...
Section 220(2) of the Income Tax Act, 1961, imposes interest @ 1% per month on unpaid tax demands if...
1. Legal Basis
Section 206C(3): Mandates deposit of Tax Collected at Source (TCS)to the Central Government...
Section 10(19) of the Income Tax Act provides an exemption for the family pension received by the family...
Section 10(11) of the Income Tax Act provides tax exemption on withdrawals from a Statutory Provident...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi,...
Notification No. 06/2025 [F. No. 275/108/2024-IT(B)] Dated 6th January, 2025
MINISTRY OF FINANCE
(Department...
1. What is PAN?
PAN stands for Permanent Account Number. PAN is a ten-digit unique alphanumeric number...
Under the Income Tax Act, 1961, the right to claim a refund depends on who has paid the excess tax and...