Section 139(1) of the Income Tax Act, 1961, lays down the rules for who must file an Income Tax Return...
List of all Other Deductions which are specified under section 36 of the Indian Income Tax Act,1961,...
Section 10(10AA) of the Income Tax Act, 1961 provides important tax exemptions for leave encashment (also...
Section 194LD of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest income paid...
Section 194LC of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest payments...
Income from salaries is taxable under Sections 15-17 of the Income Tax Act, 1961. It includes all remuneration...
Term life insurance, also known as pure life insurance, is a type of life insurance that guarantees payment...
Understanding Section 10(8B)
Section 10(8B) provides tax exemption for income received by:
Foreign employees
Foreign...
Notified special allowance is an allowance that has been notified by the Central Government under Section...
Section 195 of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made to non-residents...
The Supreme Court of India’s decision in the case of Chief Commissioner of Central Goods and Services...
Under the Income Tax Act, 1961, certain transactions or scenarios are treated as “deemed profits” and...
Section 281 empowers the Income Tax Department to declare certain asset transfers as void if made during...
Section 80GG of the Income Tax Act allows individuals to claim deductions for the rent paid when they...
Understanding Section 71: Inter-Head Adjustment
Section 71 of the Income Tax Act, 1961 allows taxpayers...
Here’s a detailed analysis of Section 273A of the Income Tax Act, 1961, which empowers tax authorities...
Is one of the most well-known investment schemes offered by the India Post. While the scheme is open...
Here’s a detailed explanation of the Procedure for Imposing Penalty under Section 274 of the Income Tax...
The Income Tax Appellate Tribunal (ITAT) derives its adjudicatory powers from Section 254 of the Income...
Section 220(2) of the Income Tax Act, 1961, imposes interest @ 1% per month on unpaid tax demands if...