Section 79 of the Income Tax Act, 1961, imposes strict restrictions on the carry-forward and set-off...
Section 10(10CC) of the Income Tax Act, 1961 deals with the taxation of non-monetary perquisites provided...
The Goods and Services Tax (GST) Act is a comprehensive legislation that governs the taxation of goods...
The residential status of an individual is crucial for determining tax liability in India. It classifies...
Applicable to: Developers of Affordable Housing Projects
This section provides a 100% tax exemption on...
In the intricate landscape of Goods and Services Tax (GST), the concepts of zero-rated supply and export...
According to Section 10(2A), any share of profit received by a partner from a firm is exempt from tax....
Section 10(23BBE) of the Income Tax Act provides a complete tax exemption for the income of the Insurance...
Circular No. 03/2025 [F. No. 275/107/2024-IT(B)] Dated 20th February, 2025
Government of India
Ministry...
Income referred to in Section 68, 69A, 69B, 69C and 69D which are undisclosed income and Investments...
Here’s a detailed analysis of the taxability of forfeited advance money for transfer of capital assets...
1. Overview
Section 115BA provides a concessional tax rate of 22% (plus surcharge & cess) for new...
Here’s a detailed explanation of Section 173 (Penalty Not to Be Imposed in Certain Cases) under the Equalisation...
Section 194M of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on certain payments made...
(1) In the world of business and taxation, there are various provisions and regulations that govern...
A Charitable and Religious Trust is a type of non-profit organization that is formed for the purpose...
Political parties play a crucial role in any democratic society. They serve as the voice of the people,...
1. Section 35(1A) relating to Filing Of Statement of any sum received by a Research Association, University,...
Arrears of salary refer to payments received by an employee for work done in previous financial years...
The following benefits are taxable for all employees, irrespective of their salary or designation. These...