1. Introduction of Block Assessment Provisions in cases of Search under Section 132 and Requisition under...
E-Invoicing has been implemented in India in a phased manner since 1st October 2020. Let us discuss whether...
Section 10(37) of the Income Tax Act, 1961 provides for the exemption of capital gains on compensation...
Section 10(23BBD) of the Income Tax Act provides a tax exemption for the income of the ASOSAI-SECRETARIAT—that...
In the era of GST, the removal of check posts nationwide aimed to streamline the movement of goods within...
Applicable to: All taxpayers (Individuals, HUFs, Firms, etc.)
This section provides 100% deduction for...
Purpose:
This section provides a 100% tax exemption to foreign companies on income earned from leasing cruise...
Section 193 of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest earned from...
Under Section 248 of the Income Tax Act, 1961, a person who denies liability to deduct tax at source...
The Goods and Services Tax (GST) Act, 2017, has laid down comprehensive guidelines for recovery proceedings...
The Post Office has been a trusted place for depositing and transacting with money. This is especially...
Section 10(44) of the Income Tax Act, 1961 provides for exemption from income tax in India in respect...
1. Legal Basis
Section 206C(3): Mandates deposit of Tax Collected at Source (TCS)to the Central Government...
What are the Deemed Profits and how they chargeable to Tax as Business Income
1. Recovery against any...
Section 206C of the Income Tax Act, 1961 mandates sellers to collect tax at source (TCS) from buyers...
Ministry of Finance
HIGHLIGHTS OF UNION BUDGET 2025-26
Posted On: 01 FEB 2025 1:29PM by PIB Delhi
PART...
Understanding Section 10(8A)
Section 10(8A) provides full tax exemption on remuneration received by:
Non-Indian...
INTRODUCTION-
The Goods and Services Tax (GST) system has revolutionized taxation in India, streamlining...
Kisan Vikas Patra is a certificate scheme from the Indian post office. It doubles a one-time investment...
Section 132 of the Income Tax Act, 1961, empowers the Income Tax Department to conduct search and seizure...