Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New...
Accommodation provided to the employee may be—
(i) unfurnished
(ii) furnished
Further, such...
Section 13 of the Income Tax Act, 1961 specifies situations where the tax exemptions under Section 11...
Notification No. 13/2025 [F. No.370142/9/2024-TPL] Dated 07th February, 2025
MINISTRY OF FINANCE
(Department...
1. Definition & Applicability
Entertainment Allowance is a special allowance given to employees to...
Applicable to: Individuals & HUFs
This section provides tax benefits for health-related expenditures,...
Section 36 of the Income Tax Act, 1961 lists specific deductions allowed against business income, in...
Section 194-IA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made for...
Purpose:
This section provides a tax exemption on family pension received by the widow or children of...
1. Legal Provision Overview
Section 206C(1B): Mandates that sellers(collectors of TCS) must submit buyer...
Section 10(26) of the Income Tax Act provides special provisions for the income of a member of a Scheduled...
Applicable to: Businesses engaged in collecting/processing biodegradable waste
This section provides...
Applicable to: Enterprises engaged in infrastructure, power, telecom, SEZs, etc.
This section provides 100%...
Income tax laws in India provide various deductions and exemptions to taxpayers, helping them reduce...
Here’s a detailed analysis of Immunity under Section 270AA of the Income Tax Act, 1961, which protects...
Section 10(23EC) of the Income Tax Act provides a tax exemption for income received by an Investor Protection...
Pensions are fixed sums of money that individuals receive at regular intervals after retirement. They...
Under Section 246A of the Income Tax Act, 1961, taxpayers can file an appeal before the Commissioner...
Tax on Non-Agricultural Income with partial Agricultural Income
As already discussed, there is no tax...
According to Section 10(7), allowances or perquisites received by an employee outside of India for rendering...