National Pension System (NPS) is a retirement benefit Scheme introduced by the Government of India to...
Applicable to: Individuals & HUFs
Section 80C is one of the most popular tax-saving sections, allowing...
Section 80JJAA of the Indian Income Tax Act, 1961 provides a valuable deduction for employers who create...
Section 10(23DA) of the Income Tax Act provides a tax exemption for income earned by a securitisation...
Section 9 of the Income Tax Act, 1961, is a critical provision that determines when income is considered...
The Supreme Court of India’s decision in the case of Chief Commissioner of Central Goods and Services...
Section 139(5) of the Income Tax Act, 1961, allows taxpayers to correct errors or omissions in their...
The Finance (No. 2) Bill, 2024, has introduced several significant amendments to the capital gains tax...
Section 220(2) of the Income Tax Act, 1961, imposes interest @ 1% per month on unpaid tax demands if...
1. Overview
Introduced: Finance Act 2021 (effective from 1st July 2021).
Purpose: Imposes higher Tax...
The Income Tax Act, 1961, includes specific provisions to protect the interests of Micro, Small, and...
Here’s a detailed analysis of the tax treatment of family pension payments received by legal heirs of...
The Income Tax Act, 1961 contains provisions related to search, seizure, survey, and special procedures...
Section 16 allows three key deductions from gross salary income before computing taxable salary. These...
Section 230 of the Income Tax Act, 1961 mandates certain individuals to obtain a Tax Clearance Certificate...
Any expenditure (not being expenditure of the nature described in sections 30 to 36) and not of capital...
The Equalisation Levy in India, governed by Chapter VIII of the Finance Act, 2016, imposes a tax on certain...
Government of India
Department of Revenue
Ministry of Finance
Central Board of Direct Taxes
New Delhi,...
In the era of GST, the removal of check posts nationwide aimed to streamline the movement of goods within...
Ministry of Finance
CAPITAL GAINS TAXATION SIMPLIFIED AND RATIONALISED
SHORT TERM GAINS TO ATTRACT A...