Section 194LBC of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on income distributed...
Section 194LC of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest payments...
Section 9A (Investment Fund Participation Rules):
Indirect investments by Indian residents in offshore...
To give relief to small taxpayers from the tedious job of maintenance of books of account and from getting...
Here’s a detailed analysis of Section 273A of the Income Tax Act, 1961, which empowers tax authorities...
Section 194LB of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest payments...
Retrenchment compensation received by an employee due to termination of employment is partially exempt from...
1. Basic Condition
A taxpayer is liable to pay advance tax if:
Estimated tax liability(after deducting...
Section 37(1) of the Income Tax Act, 1961 is a crucial provision that allows businesses and professionals...
Section 10(23AA) of the Income Tax Act provides an exemption for income received by any person on behalf...
The taxpayer has to communicate the details of his taxable income/loss to the Income tax Department.
These...
Applicability:
Section 234A(1) of the Income Tax Act, 1961, levies interest if an assessee fails to file their...
Section 196C of the Income Tax Act, 1961 mandates Tax Deducted at Source (TDS) on income paid to non-residents (including...
Section 206C of the Income Tax Act, 1961 mandates sellers to collect tax at source (TCS) from buyers...
Circular No. 03/2025 [F. No. 275/107/2024-IT(B)] Dated 20th February, 2025
Government of India
Ministry...
Here we describe all the Provisions towards Calculation of Tax on Short-term Capital Gains under Section...
Section 115F of the Income Tax Act, 1961, provides a tax exemption to Non-Resident Indians (NRIs) on long-term...
Here’s a comprehensive analysis of Section 56(2)(viib) of the Income Tax Act, 1961, which taxes share...
Section 80C of the Income Tax Act allows individuals to claim deductions on certain investments and expenses,...
Section 206C of the Act provides for tax collection at source (TCS) on business of trading in alcoholic...