Ministry of Finance
GOVERNMENT MAKES NEW TAX REGIME MORE ATTRACTIVE
STANDARD REDUCTION INCREASED FROM...
Section 196A of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income paid to non-residents (including foreign...
Section 80DDB of the Income Tax Act in India provides a deduction for individuals and Hindu Undivided...
The Sukanya Samriddhi Account is a popular savings scheme in India that aims to promote the education...
1. Overview
When a taxpayer fails to pay advance tax voluntarily, the Assessing Officer (AO) can issue...
The residential status of a company is a crucial factor in determining its tax liability in India. Section...
Education is an essential aspect of personal and professional growth. However, pursuing higher education...
The Goods and Services Tax (GST), a comprehensive indirect tax system, has been a transformative step...
Section 244A governs the payment of interest on income tax refunds to assessees. Below is a detailed...
Here’s a detailed analysis of Section 273B of the Income Tax Act, 1961, which provides immunity from...
Section 132B governs how assets seized under Section 132 or requisitioned under Section 132A are to be utilized,...
1. Legal Basis for TDS Certificates
Section 203of the Income Tax Act, 1961 mandates that every deductor must...
Section 57 of the Income Tax Act, 1961, permits specific deductions while computing taxable income under...
Ministry of Finance
Posted On: 22 JAN 2025 8:09PM by PIB Delh
CBDT notifies amendments in Income-tax...
Section 10(14) provides exemptions for certain special allowances granted to employees for specific purposes....
Under the Income Tax Act, 1961, certain transactions involving capital assets are excluded from the definition...
1. Gratuity
Gratuity is a payment made by the employer to an employee in appreciation of the past services...
Section 139(5) of the Income Tax Act, 1961, allows taxpayers to correct errors or omissions in their...
Applicable to: Individual taxpayers buying their first home
This section provides an additional tax benefit for...
Applicable to: Individual authors/researchers (Indian residents)
This section provides tax relief on royalty...