Section 194M of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on certain payments made...
Section 10(25) of the Income Tax Act provides tax exemptions for income earned by various retirement-related...
Section 10(4E) of the Income Tax Act, 1961 provides an exemption from tax on income arising from the...
Understanding and Conditions of Section 115F
As a Non-Resident Indian (NRI), understanding the tax implications...
Section 44AE of the Income Tax Act, 1961 provides a simplified presumptive taxation scheme for businesses...
Section 72 of the Income Tax Act, 1961, governs the carry forward and set-off of business losses, allowing...
Applicable to: All Individual & HUF Taxpayers
This section caps the total deductions available under...
The Income Tax Act, 1961, includes specific provisions to protect the interests of Micro, Small, and...
Section 196A of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income paid to non-residents (including foreign...
Section 10(23EE) of the Income Tax Act provides a tax exemption for specified income of a Core Settlement...
Section 10(46) of the Income Tax Act, 1961 provides for exemption from income tax of the specified income...
Section 36 of the Income Tax Act, 1961 lists specific deductions allowed against business income, in...
The introduction of Section 128A in the Central Goods and Services Tax (CGST) Act, 2017, by the Finance...
1. What is equalization levy (EL)?
This is a tax leviable on consideration received or receivable by...
Section 115BAB of the Income Tax Act, 1961 provides a concessional tax rate of 15% (plus surcharge &...
1. Purpose of Section 115JAA
Allows companies to claim creditfor excess MAT paid (when MAT > normal...
Learn Who Qualifies As A “Person” Under Income Tax According To Section 2(31). Discover Rules...
The Deduction and Collection of Tax at Source (TDS/TCS) provisions under the Income Tax Act, 1961 are...
Section 10(23AAB) of the Income Tax Act provides an exemption for income of a pension fund set up by:
Life...
Amendment of section 7.
151. In the Union Territory Goods and Services Tax Act, 2017 (14 of 2017.) (hereinafter...