Purpose:
This section provides a tax exemption on family pension received by the widow or children of...
Applicable to: DPIIT-recognized startups (Private Companies/LLPs)
This section provides a 100% tax deduction...
As already discussed, motor car/other vehicles, provided by the employer, is a perquisite only for specified...
Here’s a detailed explanation of tax relief under Section 89(1) read with Rule 21A of the Income Tax...
Section 244A governs the payment of interest on income tax refunds to assessees. Below is a detailed...
1. Key Features of Section 69A
Objective: Targets unexplained money, jewellery, or assetsfound in possession...
Section 43B- Deductions Allowed only on Actual Payment -Profits and Gains of Business and Profession
Under Section 43B, some of the Expenses are allowed and can be claimed by the Assessee only in the year...
Section 250 of the Income Tax Act, 1961 governs the procedure followed by the Commissioner of Income...
Section 10(34A) of the Income Tax Act provides a tax exemption for shareholders on income received from...
Under Section 10(18) of the Income Tax Act, certain awardees and their family members are eligible for...
The tax treatment of interest, premium, or bonus on specified investments is governed by Section 10(15)...
Section 10(11) of the Income Tax Act provides tax exemption on withdrawals from a Statutory Provident...
(A) Providing Tax Relief
A.1 Substantial relief is proposed under the new tax regime with new slabs and...
Here’s a structured summary of the key amendments related to deduction on remuneration paid to partners introduced...
Where any person receives at any time during any previous year any money or other assets under an insurance...
The Post Office has been a trusted place for depositing and transacting with money. This is especially...
Section 268 of the Income Tax Act, 1961 provides a relief mechanism for taxpayers and the tax department...
Section 10(23AAA) of the Income Tax Act provides an exemption for income received by any person on behalf...
1. What is PAN?
PAN stands for Permanent Account Number. PAN is a ten-digit unique alphanumeric number...
Section 10(12B) of the Income Tax Act, 1961 provides tax exemption to partial withdrawals from the National...