Section 195 of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made to non-residents...
Section 10(46) of the Income Tax Act, 1961 provides for exemption from income tax of the specified income...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New...
Income from house property is one of the five heads of income under the Income Tax Act, 1961. It applies...
Under Section 23(5) of the Income Tax Act, 1961, a key exemption applies to real estate developers and...
Section 10(23DA) of the Income Tax Act provides a tax exemption for income earned by a securitisation...
Ministry of Finance
CAPITAL GAINS TAXATION SIMPLIFIED AND RATIONALISED
SHORT TERM GAINS TO ATTRACT A...
Section 38 of the Income Tax Act, 1961 governs deductions for depreciation and other expenses related...
Here’s a comprehensive analysis of Section 56(2)(viib) of the Income Tax Act, 1961, which taxes share...
Section 10(23FC) of the Income Tax Act provides a tax exemption for specific types of income earned by...
Section 115JB(2) mandates that the Statement of Profit & Loss (P&L) for MAT computation must...
Section 40A of the Income Tax Act, 1961 specifies certain expenses or payments that cannot be deducted while...
The Income Tax Act, 1961 contains provisions related to search, seizure, survey, and special procedures...
Understanding and Conditions of Section 115F
As a Non-Resident Indian (NRI), understanding the tax implications...
Section 145 of the Income Tax Act, 1961 governs the method of accounting for computing taxable income...
Section 115BBE of the Income Tax Act, 1961 imposes a flat 60% tax rate (plus 25% surcharge and 4% cess,...
Section 10(12B) of the Income Tax Act, 1961 provides tax exemptions on partial withdrawals from the National...
Here’s a detailed analysis of Sections 269SU and 271DB of the Income Tax Act, 1961, which mandate businesses...
When a disaster strikes, it can cause immense damage to life and property. In such difficult times, the...
1. Provision inserted under Clause ( c ) of explanation to Section 10(4D) applicable w.e.f. 2022-23
As...