Under Section 237 of the Income Tax Act, 1961, the following persons are entitled to claim a refund of...
Section 194G of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on commission or remuneration...
The Tax Deduction and Collection Account Number (TAN) is a 10-digit alphanumeric number issued by the...
The residential status of an individual is crucial for determining tax liability in India. It classifies...
The Income Tax Act, 1961, provides specific cases where TDS is not required to be deducted, even if the...
Section 69 of the CGST Act, 2017 grants tax authorities the power to arrest individuals suspected of...
Here’s a structured overview of Collection of Tax at Lower Rate under Section 206C(9), (10), (11)...
According to Section 10(2A), any share of profit received by a partner from a firm is exempt from tax....
Here’s a detailed analysis of Section 273A of the Income Tax Act, 1961, which empowers tax authorities...
Yes, a tax audit under Section 44AB is compulsory even if the accounts are already audited under:
Other...
The Goods and Services Tax (GST), a comprehensive indirect tax system, has been a transformative step...
Notification No. 10/2025 [F. No. 370142/26/2024-TPL] Dated 27th January, 2025
MINISTRY OF FINANCE
(Department...
Under Section 246A of the Income Tax Act, 1961, taxpayers can file an appeal before the Commissioner...
Section 10(23FBA) of the Income Tax Act provides a targeted tax exemption for investment funds—but with...
Section 142A of the Income Tax Act, 1961 empowers the Assessing Officer (AO) to refer matters of asset...
Section 10(23BB) of the Income Tax Act provides a tax exemption for the income of a Khadi and Village...
Section 15 of the Income Tax Act, 1961 defines what constitutes taxable salary income and specifies the...
Under Section 17(2) of the Income Tax Act, 1961, certain perquisites are taxable only for “specified...
1. Agricultural Income [Section 10(1)]
As per Section 10(1) of the Income Tax Act, agricultural income...
INTRODUCTION-
The Goods and Services Tax (GST) system has revolutionized taxation in India, streamlining...