Arrears of salary refer to payments received by an employee for work done in previous financial years...
Section 10(11A) provides full tax exemption on withdrawals from a Sukanya Samriddhi Account (SSA), making...
The term “actual cost” in the context of asset acquisition plays a pivotal role in income...
Section 206C(1G) of the Income Tax Act, 1961 mandates Tax Collected at Source (TCS) on:
Outbound remittancesunder...
Capital assets are classified into different categories under the Income Tax Act, 1961, each with unique...
Section 54GA of the Income Tax Act, 1961, provides tax exemption on capital gains when a business relocates...
It was introduced under chapter VIII of Finance Act, 2016. This chapter came in to force from 1st June,...
1. Legal Basis
Section 206C(3): Mandates deposit of Tax Collected at Source (TCS)to the Central Government...
Here we discuss all the Provisions towards Computation of Capital Gain in certain Special Cases and the...
Section 144A of the Income Tax Act, 1961, empowers the Joint Commissioner (JCIT) to intervene in pending...
Under Section 17(2) of the Income Tax Act, 1961, certain perquisites are taxable for all employees, regardless...
Kisan Vikas Patra is a certificate scheme from the Indian post office. It doubles a one-time investment...
Here’s a detailed breakdown of fully taxable allowances for the computation of salary income in India,...
In the intricate landscape of Goods and Services Tax (GST), the concepts of zero-rated supply and export...
Notification No. 09/2025 [F. No. 370142/18/2024-TPL] Dated 21th January, 2025
MINISTRY OF FINANCE
(Department...
Section 140 of the Income Tax Act, 1961 specifies who must verify the return of income and the authorized...
Section 211 of the Income Tax Act, 1961, mandates the payment of advance tax in four instalments during...
In the context of the Goods and Services Tax (GST), the term “non-supplies” refers to transactions...
Section 197 of the Income Tax Act, 1961 provides a mechanism for taxpayers to obtain certificates for...
Here’s a structured breakdown of the types, definitions, and residential status of companies under the Income...