Revocation of Cancellation of Registration under GST is a process that allows a taxpayer to restore their...
Under the Income Tax Act, 1961, the Commissioner of Income Tax (Exemption) [CIT(E)] has the authority...
Here’s a detailed explanation of Section 173 (Penalty Not to Be Imposed in Certain Cases) under the Equalisation...
Section 244A governs the payment of interest on income tax refunds to assessees. Below is a detailed...
The taxpayer has to communicate the details of his taxable income/loss to the Income tax Department.
These...
National Pension System (NPS) is a retirement benefit Scheme introduced by the Government of India to...
Note:
(a) “Basic Excise Duty” means the excise duty set forth in the Fourth Schedule to the...
1. Making changes or Correction in PAN data
Suppose an applicant needs to change or correct a data on...
The Indian Income Tax Act, 1961 classifies taxable income under five distinct heads, with “Income...
Introduced by the Finance Act, 2023, these provisions impose a “Ceasing Tax” on charitable/religious...
Under the Goods and Services Tax (GST) regime in India, certain banking-related services are either exempt...
1. Litigation management when in an appeal by revenue an identical question of law is pending before...
1. Understanding of Section 80-IBA
Section 80-IBA of the Income Tax Act, 1961, provides a deduction...
Understanding of Section 54
When an individual sells a residential house property, they are liable to...
Under Section 23(5) of the Income Tax Act, 1961, a key exemption applies to real estate developers and...
Here we discuss all the Provisions towards Computation of Capital Gain in certain Special Cases and the...
Gratuity is a lump-sum payment made by an employer to an employee as a token of appreciation for long-term...
When it comes to retirement planning, superannuation funds play a crucial role in providing financial...
Permanent Account Number (PAN) is a unique ten-digit alphanumeric code issued by the Income Tax Department...