Applicable to: *Individuals aged 60+ years (including NRIs)*
This section provides higher tax relief...
1. Basic Rule for HUF Residency
A HUF is Resident in India if:
“Control and management of its affairs...
1. Provision inserted under Clause ( c ) of explanation to Section 10(4D) applicable w.e.f. 2022-23
As...
Section 293B of the Income Tax Act, 1961, empowers the Central Board of Direct Taxes (CBDT) to condone...
Section 10(10D) of the Income Tax Act deals with the tax treatment of the sum assured received from a...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New...
The Companies Act, 2013 outlines various penalties and offences that can be imposed on companies and...
The Finance Bill 2025, presented by Finance Minister Nirmala Sitharaman as part of the Union Budget 2025-26,...
The deductions under Chapter VI-A (Sections 80A to 80U) are subject to certain overarching rules that...
Goods and Services Tax (GST) in India is a comprehensive, multi-stage, destination-based tax that is...
Under Section 23(5) of the Income Tax Act, 1961, a key exemption applies to real estate developers and...
Section 10(23DA) of the Income Tax Act provides a tax exemption for income earned by a securitisation...
Retrenchment compensation is the amount paid to a workman (employee) at the time of termination of employment...
This section provides exemption for certain allowances received by employees to meet expenses incurred in...
Section 10(23ED) of the Income Tax Act provides a tax exemption for income received by an Investor Protection...
Interest income is one of the common sources of income for individuals and businesses alike. When it...
Section 10(6) of the Income Tax Act, 1961 provides tax exemptions for certain types of remuneration received...
Section 144B introduces a technology-driven, faceless assessment scheme to eliminate human interface,...
Section 54 of the Income Tax Act, 1961 provides tax exemption on long-term capital gains (LTCG) arising...
The provisions, which are being discussed under various sub-sections of section 40A have overriding effect ...