Section 80C of the Income Tax Act allows individuals to claim deductions on certain investments and expenses,...
Section 10(23BBA) of the Income Tax Act provides a tax exemption for the income of any body or authority...
Under the Goods and Services Tax (GST) regime, Goods Transport Agency (GTA) and EWAY BILL are critical...
Purpose:
This section provides a full tax exemption on income earned by approved news agencies that operate...
Section 38 of the Income Tax Act, 1961 governs deductions for depreciation and other expenses related...
Section 10(10CC) provides a unique tax benefit where certain perquisites paid by employers are exempt...
Any expenditure (not being expenditure of the nature described in sections 30 to 36) and not of capital...
Section 10(6) of the Income Tax Act, 1961 provides tax exemptions for certain types of remuneration received...
Under Section 10(2) of the Income Tax Act, 1961, the sum received by a member from a Hindu Undivided...
Applicable to: Individuals
This section allows a deduction for contributions made to approved pension...
Purpose:
This section provides a tax exemption on family pension received by the widow or children of...
Section 10(10D) provides tax exemption on amounts received from a life insurance policy, including:
Maturity...
Section 54H of the Income Tax Act, 1961 in India provided for an extension of time for acquiring a new...
The rules for valuation of specified fringe benefits or amenities arc as under:
1. Interest Free Or...
1. Section 35(1A) relating to Filing Of Statement of any sum received by a Research Association, University,...
Section 10(24) of the Income Tax Act provides a tax exemption for certain types of income earned by registered...
Section 142B of the Income Tax Act, 1961 empowers the Central Government to make schemes for faceless...
The Capital Gains Accounts Scheme (CGAS) 1988 is a scheme under the Income Tax Act, 1961, in India. It...
Section 80RRB of the Income Tax Act, 1961, provides for a deduction in respect of royalty income received...
1. Applicability
Section 56(2)(x) covers:
Cash gifts
Immovable property(land, buildings)
Movable property(jewelry,...