Applicable to: *Farmer Producer Companies (FPCs) registered under Companies Act, 1956/2013*
This section...
Here’s a detailed breakdown of tax-free perquisites applicable to all employees under the Income Tax...
A. Purpose of CRS and FATCA
In this globalized economy, tax transparency and compliance has become paramount...
Concept:
Section 61states that if an asset is transferred in a revocable manner, any income from that...
(1) Introduction to Section-71 (Inter-Head Adjustment)
Under the Indian Income Tax Act, 1961, taxpayers...
Section 241A allows the Income Tax Department to withhold refunds in certain cases, even if a taxpayer...
Section 57 of the Income Tax Act, 1961, permits specific deductions while computing taxable income under...
1. Overview
Section 293C of the Income Tax Act, 1961 empowers the Central Government to withdraw approvals...
Section 10(24) of the Income Tax Act provides a tax exemption for certain types of income earned by registered...
[Section 46A] : Capital Gains on Purchase by Company of its Own Shares or Other Specified Securities
(1) Capital gains tax is an important aspect of the Indian Income Tax Act, 1961. Section 46A of...
Section 74 of the Income Tax Act, 1961 governs the treatment of capital losses, providing specific rules...
Section 250 of the Income Tax Act, 1961 governs the procedure followed by the Commissioner of Income...
Section 10(4G) of the Income Tax Act, 1961 in India provides an exemption for certain income earned by...
Section 28 of the Income Tax Act, 1961 defines the incomes chargeable under the head “Profits and...
Income chargeable under the head “Income from house property” shall be computed after making...
Every person shall quote his permanent account number in all documents pertaining to the transactions...
HRA (House Rent Allowance) is a salary component that helps employees cover rental expenses. Under Section...
Section 194DA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payouts from life...
Section 10(30) of the Income Tax Act provides a tax exemption for subsidies received by tea growers and...
Interest income is one of the common sources of income for individuals and businesses alike. When it...