With the increasing concerns about climate change and the need to reduce pollution, there has been a...
Special Economic Zones (SEZs) have emerged as key drivers of economic growth and development in many...
Section 10(10AA) of the Income Tax Act, 1961 provides important tax exemptions for leave encashment (also...
The Income Tax Act, 1961 contains provisions related to search, seizure, survey, and special procedures...
Section 10(23B) of the Income Tax Act provides a tax exemption for income earned by certain institutions...
Section 10(11) of the Income Tax Act provides tax exemption on withdrawals from a Statutory Provident...
Under the Income Tax Act, 1961, Sections 115QA to 115QC impose a tax on distributed income when a domestic...
Section 244A governs the payment of interest on income tax refunds to assessees. Below is a detailed...
Section 54G of the Income Tax Act, 1961, provides tax exemption on capital gains arising from the transfer...
Gratuity is a payment made by the employer to an employee in appreciation of the past services rendered...
1. Section 80-IAC: Deduction in respect of Eligible Business or Eligible Start Up
Understanding of Section...
Section 9 of the Income Tax Act, 1961, is a critical provision that determines when income is considered...
The Income Tax Law in India is a complex and ever-changing set of regulations that govern the taxation...
1. Overview
Under Section 210(1) of the Income Tax Act, 1961, taxpayers liable for advance tax must voluntarily...
What is Assessment?
Assessment under the Income Tax Act, 1961 refers to the process by which the Income...
Here’s a detailed analysis of Section 271J of the Income Tax Act, 1961, which imposes penalties...
Section 234H of the Income Tax Act, 1961 imposes a fee for failure to intimate/link one’s Aadhaar...
Section 201(1A) of the Income Tax Act, 1961, imposes interest on a deductor (employer, company, etc.)...
Tax on Non-Agricultural Income with partial Agricultural Income
As already discussed, there is no tax...
Under the Income Tax Act, 1961, the right to claim a refund depends on who has paid the excess tax and...