Section 10(6) of the Income Tax Act, 1961 provides tax exemptions for certain types of remuneration received...
Certain BCD exemptions entries under S No. 50/2017-Customs dated 30.6.2017 and other notifications are...
1. Provisions of Section 79 not to apply In case of Strategic Disinvestment of Public Sector Companies...
Capital assets are classified into different categories under the Income Tax Act, 1961, each with unique...
Section 115JB(4) of the Income Tax Act, 1961, mandates that companies liable for Minimum Alternate Tax...
To promote digital transactions, the Income Tax Act mandates certain businesses to compulsorily accept...
The Income Tax Act contains provisions to prevent tax avoidance by transferring income to other persons...
Section 115BAB of the Income Tax Act, 1961, was introduced by the Finance Act, 2019, to provide a lower...
1. Firm to be Assessed as Firm
Essential conditions prescribed under section 184 of the Income-tax Act,...
The Income Tax Appellate Tribunal (ITAT) is the final fact-finding authority under the Income Tax Act,...
Navigating the complexities of Goods and Services Tax (GST) can be challenging for businesses, especially...
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 10(23EE) of the Income Tax Act provides a tax exemption for specified income of a Core Settlement...
Section 70 of the Income Tax Act, 1961, allows taxpayers to adjust losses from one source against income...
The Faceless Appeal Scheme, 2021, introduced via Notification No. 139/2021 dated 28th December 2021,...
(1) Introduction to Section-71 (Inter-Head Adjustment)
Under the Indian Income Tax Act, 1961, taxpayers...
Section 194-I of the Income Tax Act, 1961, a crucial piece of legislation in India, governs the taxation...
Section 142B of the Income Tax Act, 1961 empowers the Central Government to make schemes for faceless...
Income from salaries is taxable under Sections 15-17 of the Income Tax Act, 1961. It includes all remuneration...
Here’s a detailed explanation of Section 170 (Interest on Delayed Payment of Equalisation Levy) under...