Section 234H of the Income Tax Act, 1961 imposes a fee for failure to intimate/link one’s Aadhaar...
To legally establish and operate a Charitable & Religious Trust in India, the following registrations are...
Section 10(10A) of the Income Tax Act in India relates to the tax treatment of payments made in commutation...
Section 10(13) of the Income Tax Act, 1961 provides tax exemptions on payments received from an approved...
When a disaster strikes, it can cause immense damage to life and property. In such difficult times, the...
Here’s a comprehensive analysis of Section 56(2)(viib) of the Income Tax Act, 1961, which taxes share...
1. Legal Definition
Primary Responsibility: The person legally obligated to deduct TCS/TDS under the...
1. Set-Off Rules for Current Year Losses
Intra-head adjustment (Section 70):
Business losses can be...
Section 196D of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income earned by Foreign...
Under the Income Tax Act, 1961, the right to claim a refund depends on who has paid the excess tax and...
Here’s a detailed explanation of the taxability of dividends under Section 56(2)(i) as “Income...
The Income Tax Act, 1961 contains provisions related to search, seizure, survey, and special procedures...