Under the Income Tax Act, 1961, the right to claim a refund depends on who has paid the excess tax and...
Purpose:
This section provides tax exemption to professional associations (like medical councils, bar...
Overview of STCG under Section 111A
Short-term capital gains (STCG) arising from the transfer of equity...
Under Section 261 of the Income Tax Act, 1961, an appeal can be filed before the Supreme Court of India against...
Section 10(23BBF) of the Income Tax Act provides a phased tax exemption for the North-Eastern Development...
Long-term capital gain arising on the transfer of any capital asset being land or building or both is...
1. Mandatory E-Filing Requirement
All tax deductorsmust electronically file quarterly TDS statements
Applies...
Understanding of Section 80D
Section 80D of the Income Tax Act provides individuals with a deduction...
Section 40A of the Income Tax Act, 1961 specifies certain expenses or payments that cannot be deducted while...
Section 283 of the Income Tax Act, 1961, provides special rules for serving notices when:
A Hindu Undivided...
Under the Goods and Services Tax (GST) regime, Goods Transport Agency (GTA) and EWAY BILL are critical...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New...
Here’s a detailed analysis of the taxability of interest on compensation or enhanced compensation under...
Section 54D of the Income Tax Act, 1961, provides tax exemption on capital gains arising from the compulsory...
Section 10(5) of the Income Tax Act allows for certain tax exemptions on travel expenses provided by...
The Supreme Court of India’s decision in the case of Chief Commissioner of Central Goods and Services...
Section 50C of the Indian Income Tax Act, 1961, is applicable to the computation of capital gains in...
The Tonnage Tax Scheme is a special taxation regime introduced under Chapter XII-G (Sections 115V to...
Yes, under Section 238 of the Income Tax Act, 1961, a person other than the assessee can claim a refund...
Chapter VI-A of the Income Tax Act, 1961, provides various deductions from Gross Total Income (GTI) to...