Section 54EC of the Income Tax Act, 1961, provides tax exemption on long-term capital gains (LTCG) from...
Section 26 of the Income Tax Act governs the taxation of income from properties jointly owned by two...
1. Scope of Total Income / Incidence of Tax [Section 5]
Total income of an assessee cannot be computed...
Tax incentives to International Financial Services Centre
International Financial Services Centre (IFSC)...
Section 194M of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on certain payments made...
Section 74 of the Income Tax Act, 1961 governs the treatment of capital losses, providing specific rules...
The Goods and Services Tax (GST) Act, 2017, has laid down comprehensive guidelines for recovery proceedings...
Chargeability/Scope/Meaning of Income under the head “Profits and Gains of Business and Profession” under...
Overview of Section 112A
Section 112A of the Income Tax Act, 1961 governs the taxation of long-term capital...
While the income from other sources is taxable, there are certain amounts that are not deductible while...
Section 10(14) provides exemptions for certain special allowances granted to employees for specific purposes....
Under the Income Tax Rules/ Act, certain taxpayers are required to get their accounts audited and submit...
Section 293D empowers the Central Government to implement a faceless (digital) scheme for granting approvals...
Short Answer: No, the Annual Value (AV) or Net Annual Value (NAV) of a property cannot be negative under...
Section 10(46) of the Income Tax Act, 1961 provides for exemption from income tax of the specified income...
Under Section 10(35A) of the Act, any income received by an investor from a securitisation trust is exempt...
(1) Unit Linked Insurance Policies (ULIPs) have gained popularity as a dual investment-cum-insurance...
Section 10(23FE) of the Income Tax Act provides a tax exemption for certain types of income earned by...
Section 44AE of the Income Tax Act, 1961 provides a simplified presumptive taxation scheme for businesses...
Section 25A of the Income Tax Act, 1961, governs the tax treatment of arrears of rent (unpaid rent recovered...