Section 10(23FCA) of the Income Tax Act provides a tax exemption for rental income earned by a Real Estate...
1. Overview
Applicability: Mandates sellersto collect Tax at Source (TCS) on receipt of sale consideration from...
Section 10(34A) of the Income Tax Act provides a tax exemption for shareholders on income received from...
1. Definition & Applicability
Entertainment Allowance is a special allowance given to employees to...
The Income Tax Act, 1961, allows for the waiver or reduction of interest in certain cases, primarily...
1. Primary Responsibilities of Deductor
Tax Deduction at Source:
Must deduct correct % as per Income...
Section 49 specifies how the cost of acquisition of a capital asset is determined when it is acquired...
The Indian Income Tax Act, 1961 classifies taxable income under five distinct heads, with “Income...
Applicable to: Indian Companies
This section provides 100% tax deduction for contributions made by Indian...
1. Legal Basis for TDS Certificates
Section 203of the Income Tax Act, 1961 mandates that every deductor must...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi,...
Section 80DD of the Income Tax Act in India provides a deduction for individuals or Hindu Undivided Families...
Overview
Section 157A of the Income Tax Act, 1961, was introduced to empower the Central Government to...
Income from salaries is taxable under Sections 15-17 of the Income Tax Act, 1961. It includes all remuneration...
Confused About Blocked ITC Credits under GST Section 17(5) ? Learn The 6 Major Categories, Real Controversies,...
Section 10(4D) of the Income Tax Act, 1961 in India provides an exemption for certain income earned by...
Section 10(23FBB) of the Income Tax Act deals with taxation of business income earned by unit holders...
Zero-coupon bonds, also known as deep discount bonds, are fixed-income securities that do not pay periodic...
Amendment of section 7.
151. In the Union Territory Goods and Services Tax Act, 2017 (14 of 2017.) (hereinafter...
Discover Section 44BBD Presumptive Tax — India’s New Presumptive Tax Scheme for Non-Residents Serving...