Section 54EC of the Income Tax Act, 1961, provides tax exemption on long-term capital gains (LTCG) from...
Yes, under Section 238 of the Income Tax Act, 1961, a person other than the assessee can claim a refund...
Under Section 139(4A) of the Income Tax Act, 1961, charitable and religious trusts/institutions must...
Section 194E of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made to non-resident...
Insertion of new section 8A.
153. In the Goods and Services Tax (Compensation to States) Act, 2017 (15...
Section 55(1)(b) of the Income Tax Act, 1961, defines the cost of improvement for capital assets, which...
A closely held company (where the public is not substantially interested) is subject to stricter tax...
Here’s a detailed table summarizing the tax treatment of Provident Fund (PF) contributions, interest,...
Applicable to: All businesses (except freelancers)*
This section provides 30-60% additional wage cost...
SCSS is a savings product available for senior citizens aged 60 or above. On the date of opening an SCSS...
Section 191 provides for situations where tax is not deducted at source (TDS) as required under other...
Section 10(23AA) of the Income Tax Act provides an exemption for income received by any person on behalf...
1. Investment in Sukanya Samriddhi Yojana for Tax Saving for AY 2022-23 & 2023-24
Sukanya Samriddhi...
1. Understanding of Section 80-IBA
Section 80-IBA of the Income Tax Act, 1961, provides a deduction...
Here’s a detailed explanation of the penalty for failure to furnish the Equalisation Levy (EL)...
Section 115JB(4) of the Income Tax Act, 1961, mandates that companies liable for Minimum Alternate Tax...
Where any person receives at any time during any previous year any money or other assets under an insurance...
The registration of a charitable or religious trust under Sections 12A/12AA/12AB of the Income Tax Act,...
Section 234A(4) of the Income Tax Act, 1961, deals with the adjustment of interest when there is a subsequent revision,...
Notification No. 07/2025 [F. No. 203/20/2024/ITA-II] Dated 14th January, 2025
MINISTRY OF FINANCE
(Department...