Section 293B of the Income Tax Act, 1961, empowers the Central Board of Direct Taxes (CBDT) to condone...
1. Scope of Section 56(2)(id)
This provision covers interest income from securities when:
Not chargeable...
Order No. [F. No. 225/17/2025-ITA-II] Dated 28th January, 2025
MINISTRY OF FINANCE
(Department of Revenue)
To
All...
Section 132B governs how assets seized under Section 132 or requisitioned under Section 132A are to be utilized,...
Section 10(32) of the Income Tax Act provides a modest exemption when a minor child’s income is clubbed...
1. Section 35(1A) relating to Filing Of Statement of any sum received by a Research Association, University,...
Section 115BBE of the Income Tax Act, 1961 imposes a flat 60% tax rate (plus 25% surcharge and 4% cess,...
Section 234F of the Income Tax Act, 1961 imposes a late filing fee if an assessee fails to file their...
Section 44AB of the Income Tax Act, 1961 mandates a compulsory tax audit for businesses and professionals...
Section 10(4E) of the Income Tax Act, 1961 in India provides an exemption for income earned by a non-resident...
Here’s a detailed explanation of Section 269SS of the Income Tax Act, 1961, which governs the mode of...
Amendment of section 5.
147. In the Integrated Goods and Services Tax Act, 2017 (13 of 2017.) (hereinafter...
The Government of India’s Department of Posts, Ministry of Communications, offers fixed deposit accounts...
Section 10(10AA) of the Income Tax Act, 1961 provides important tax exemptions for leave encashment (also...
Section 10(26) of the Income Tax Act provides special provisions for the income of a member of a Scheduled...
Section 234A(4) of the Income Tax Act, 1961, deals with the adjustment of interest when there is a subsequent revision,...
Section 142A of the Income Tax Act, 1961 empowers the Assessing Officer (AO) to refer matters of asset...
The introduction of Section 128A in the Central Goods and Services Tax (CGST) Act, 2017, by the Finance...
Kisan Vikas Patra is a certificate scheme from the Indian post office. It doubles a one-time investment...
Under the Income Tax Act, 1961, and the Constitution of India, an appeal can be filed before the Supreme...