The Income Tax Bill 2025 will come into effect from April 1, 2026, after it is vetted by a Select Committee...
The Income Tax Law in India is a complex and ever-changing set of regulations that govern the taxation...
The Supreme Court of India’s decision in the case of Chief Commissioner of Central Goods and Services...
Section 54H of the Income Tax Act, 1961, provides an extension of the reinvestment period for claiming...
S.O. 1905(E) – In exercise of the powers conferred by sub-section (1) and sub-section (2) of section...
Section 211 of the Income Tax Act, 1961, mandates the payment of advance tax in four instalments during...
Here’s a detailed analysis of the tax treatment of family pension payments received by legal heirs of...
The Goods and Services Tax (GST), a comprehensive indirect tax system, has been a transformative step...
As already discussed, motor car/other vehicles, provided by the employer, is a perquisite only for specified...
Agricultural income and its tax treatment in India fall under Section 10(1) of the Income Tax Act, 1961....
Section 44ADA of the Income Tax Act, 1961 provides a simplified presumptive taxation scheme for eligible...
Section 132 of the Income Tax Act empowers tax authorities to conduct searches and seize undisclosed...
Under the Income Tax Act, 1961, the right to claim a refund depends on who has paid the excess tax and...
1. Provisions of Section 79 not to apply In case of Strategic Disinvestment of Public Sector Companies...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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Section 139(5) of the Income Tax Act, 1961, allows taxpayers to correct errors or omissions in their...
I start with GST. It has decreased tax incidence on the common man; reduced compliance burden and logistics...
Yes, under Section 238 of the Income Tax Act, 1961, a person other than the assessee can claim a refund...
Being a Member of Parliament (MP) or a Member of Legislative Assembly (MLA) is a position of great responsibility....
Section 10(37) of the Income Tax Act, 1961 provides for the exemption of capital gains on compensation...