1. Overview
Section 293C of the Income Tax Act, 1961 empowers the Central Government to withdraw approvals...
Income chargeable under the head “Income from house property” shall be computed after making...
Unrealised rent refers to rental income that is due but not received from a tenant. The Income Tax Act,...
1. Overview
Legal Provision: Allows TCS collectorsto file a correction statement to rectify errors in...
Indian Strategic Petroleum Reserves Limited (ISPRL) plays a crucial role in ensuring the energy security...
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...
1. Basic Concepts
AOP (Association of Persons): Group formed for common purpose (business/profession)
BOI...
Section 194-I of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on rent payments exceeding...
A Charitable and Religious Trust is a type of non-profit organization that is formed for the purpose...
Under the Income Tax Act, 1961, certain expenses are expressly disallowed while computing taxable income...
1. Rationalization of provisions of TDS on sale of immovable property [Section 194-IA amended w.e.f....
Order No. [F. No. 225/235/2024/ITA-II] Dated 31st January, 2025
MINISTRY OF FINANCE
(Department of Revenue)
Order...
Amendment of section 9.
110. In the Central Goods and Services Tax Act, 2017 (12 of 2017.) (hereinafter...
Section 10(50) of the Income Tax Act, 1961 provides for exemption from income tax in the hands of a non-resident...
The National Savings Certificate (NSC) is a fixed Income Investment scheme that you can open with any...
Income tax laws in India provide various deductions and exemptions to taxpayers, helping them reduce...
When a disaster strikes, it can cause immense damage to life and property. In such difficult times, the...
A scrutiny (regular) assessment under Section 143(3) is a comprehensive evaluation of a taxpayer’s return...
Business trusts have gained popularity in recent years as a unique investment vehicle. They offer investors...