Section 54GB of the Income Tax Act, 1961 in India provides for the exemption of long-term capital gains...
Section 10(11A) provides full tax exemption on withdrawals from a Sukanya Samriddhi Account (SSA), making...
Applicable to: Indian Resident Individuals (Inventors/Patent Holders)
This section provides tax relief...
Long-term capital gain arising on the transfer of any capital asset being land or building or both is...
Where any person receives at any time during any previous year any money or other assets under an insurance...
Under the Income Tax Act, 1961, individuals and Hindu Undivided Families (HUFs) can claim exemptions...
Section 132 of the Income Tax Act, 1961, empowers the Income Tax Department to conduct search and seizure...
Annual Value is the taxable value assigned to a property for calculating “Income from House Property”....
Section 10(23AA) of the Income Tax Act provides an exemption for income received by any person on behalf...
Section 10(10CC) provides a unique tax benefit where certain perquisites paid by employers are exempt...
Here’s a structured summary of the key amendments related to deduction on remuneration paid to partners introduced...
An individual may either be a:
(a) Resident in India; or
(b) Deemed to be Resident In India...
In order to monitor high-value transactions conducted by taxpayers, a significant regulatory measure...
The Income Tax Act, 1961, allows for the waiver or reduction of interest in certain cases, primarily...
Section 54GB of the Income Tax Act, 1961, provides tax exemption on long-term capital gains (LTCG) from...
Amendment of section 9.
110. In the Central Goods and Services Tax Act, 2017 (12 of 2017.) (hereinafter...
1. [Section 56(2)]: List of Incomes included under ‘Income from Other Sources’
There are many incomes...
Section 10(6B) of the Income Tax Act, 1961, provides a tax exemption to non-residents (including foreign...
A closely held company (where the public is not substantially interested) is subject to stricter tax...