Section 234D of the Income Tax Act, 1961, mandates that taxpayers repay excess refunds received during...
Here’s a detailed explanation of Section 170 (Interest on Delayed Payment of Equalisation Levy) under...
In the realm of Goods and Services Tax (GST), the efficient utilization and handling of Input tax credit (ITC)...
1. Scope of Total Income / Incidence of Tax [Section 5]
Total income of an assessee cannot be computed...
Here’s a detailed explanation of Section 269T of the Income Tax Act, 1961, which governs the mode of...
An approved research association refers to an organization that is primarily engaged in scientific research....
1. Key Features of Section 69A
Objective: Targets unexplained money, jewellery, or assetsfound in possession...
Section 80U of the Income Tax Act provides relief to individuals with disabilities by allowing them to...
Under the Goods and Services Tax (GST) regime in India, healthcare services and hospital room rent are...
Amendment of section 5.
147. In the Integrated Goods and Services Tax Act, 2017 (13 of 2017.) (hereinafter...
Understanding Section 71: Inter-Head Adjustment
Section 71 of the Income Tax Act, 1961 allows taxpayers...
Here’s a detailed summary of the treatment of ULIPs (Unit-Linked Insurance Plans) as capital gains under...
This section provides tax exemptions on certain types of interest income earned from specified bonds,...
The Income Tax Act, 1961 contains provisions related to search, seizure, survey, and special procedures...
There are many incomes which are taxable under the head ‘Income from Other Sources’. However, section...
The registration of a charitable or religious trust under Sections 12A/12AA/12AB of the Income Tax Act,...
Goods and Services Tax (GST) in India is a comprehensive, multi-stage, destination-based tax that is...
Agricultural income holds a special position in India’s taxation system, with specific exemptions...
Here’s a consolidated table of the revised TDS threshold limits effective from April 1, 2025, based on...
Leave encashment refers to the amount received by an employee in exchange for unused leave balance at...