Here’s a consolidated table of the revised TDS threshold limits effective from April 1, 2025, based on...
Section 10(10D) of the Income Tax Act deals with the tax treatment of the sum assured received from a...
1. Provisions of Section 79 not to apply In case of Strategic Disinvestment of Public Sector Companies...
Section 281B of the Income Tax Act, 1961, deals with the Provisional Attachment of Property to Protect...
Section 234D of the Income Tax Act, 1961, mandates that taxpayers repay excess refunds received during...
Section 158A of the Income Tax Act, 1961, read with Rule 16 of the Income Tax Rules, 1962, provides a...
Section 65 clarifies the tax liability of the transferee (recipient of income/assets) when income is...
Death-cum-Retirement Gratuity is an important financial benefit provided to employees in India. It is...
Amendment of Section 2 [Total Income” for the purpose of Taxation]
3. In section 2 of the Income-tax...
Section 211 of the Income Tax Act, 1961, mandates the payment of advance tax in four instalments during...
Section 54D of the Income Tax Act, 1961, provides tax exemption on capital gains arising from the compulsory...
Section 194LBB of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on income distributed...
Section 194P of the Income Tax Act, 1961, provides a TDS exemption for senior citizens (aged 75+) with...
Applicable to: Individuals, HUFs, Firms, AOPs, BOIs, and others (except companies)
This section provides...
Gratuity is a significant part of an employee’s remuneration package. It is a payment made by an employer...
Under Section 261 of the Income Tax Act, 1961, an appeal can be filed before the Supreme Court of India against...
1. Enabling the Commissioner (Appeals) to levy Penalty under Section 271AAB. 271AAC and 271AAD of the...
Section 10(23BBH) of the Income Tax Act provides a complete tax exemption for the income of Prasar Bharati...
Section 234F of the Income Tax Act, 1961 imposes a late filing fee if an assessee fails to file their...
Section 115BAC of the Income Tax Act, 1961, introduces a simplified tax regime with lower slab rates...