Here’s a detailed breakdown of tax-free perquisites applicable to all employees under the Income Tax...
Section 56(2)(viib) of the Income Tax Act, 1961, is a provision that pertains to closely-held companies...
The National Savings Certificate (NSC) is a fixed Income Investment scheme that you can open with any...
Here’s a detailed explanation of Section 269T of the Income Tax Act, 1961, which governs the mode of...
Section 157 deals with the communication of losses determined by the Assessing Officer (AO) to taxpayers....
Leave encashment refers to the amount received by an employee in exchange for unused leave balance at...
Under the Income Tax Act, 1961, individuals and Hindu Undivided Families (HUFs) can claim exemptions...
Unit Linked Insurance Plans (ULIPs) are a unique financial product that offers the dual benefits of life...
Section 264B of the Income Tax Act, 1961, pertains to the faceless effect of orders passed under the...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New...
as per Part “C” of Schedule II of the Companies Act, 2013 after making following assumptions:
The...
Start-ups in India can benefit from significant tax exemptions under Section 80-IAC of the Income-tax...
New Section 44BBD:
Section 44BBD, introduced by the Finance Act 2025, is a presumptive taxation scheme...
Here’s a consolidated table of the revised TDS threshold limits effective from April 1, 2025, based on...
Applicable to: Banks/Financial Institutions operating in IFSCs (e.g., GIFT City)
This section provides 100%...
Section 10(4H) of the Income Tax Act, 1961 in India provides an exemption for certain income earned by...
Section 10(12B) of the Income Tax Act, 1961 provides tax exemption to partial withdrawals from the National...
Amendment of section 7.
151. In the Union Territory Goods and Services Tax Act, 2017 (14 of 2017.) (hereinafter...
Section 115BAB of the Income Tax Act, 1961, was introduced by the Finance Act, 2019, to provide a lower...
Provident Fund (PF) is a social security scheme in India that provides financial assistance to employees...