The Faceless Appeal Scheme, 2021, introduced via Notification No. 139/2021 dated 28th December 2021,...
HRA (House Rent Allowance) is a salary component that helps employees cover rental expenses. Under Section...
Section 194M of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on certain payments made...
Section 158A of the Income Tax Act, 1961, read with Rule 16 of the Income Tax Rules, 1962, provides a...
Section 234D of the Income Tax Act, 1961, mandates that taxpayers repay excess refunds received during...
Applicable to: All taxpayers (Individuals, HUFs, Companies, etc.)
This section provides tax benefits...
Applicable to: Individuals & HUFs
This section provides tax relief for expenses incurred on the care...
Here’s a detailed analysis of Section 139AA of the Income Tax Act, 1961, which mandates the quoting and...
According to Section 10(7), allowances or perquisites received by an employee outside of India for rendering...
The Income Tax Appellate Tribunal (ITAT) derives its adjudicatory powers from Section 254 of the Income...
Section 132 of the Income Tax Act, 1961, empowers the Income Tax Department to conduct search and seizure...
Under Section 23(5) of the Income Tax Act, 1961, a key exemption applies to real estate developers and...
Section 80DD of the Income Tax Act in India provides a deduction for individuals or Hindu Undivided Families...
Section 273AA of the Income Tax Act, 1961, empowers the Principal Commissioner or Commissioner to grant...
A. Changes in Basic Customs Duty (to be effective from 24.07.2024)
S. No.
Chapter, Heading, sub-...
Section 10(11A) provides full tax exemption on withdrawals from a Sukanya Samriddhi Account (SSA), making...
Under the Goods and Services Tax (GST) regime in India, healthcare services and hospital room rent are...
An Electoral Trust is a unique entity that plays a crucial role in the political funding of political...
Section 153 prescribes strict deadlines for completing assessments, reassessments, and recomputations under...
Here’s a structured summary of the key amendments related to deduction on remuneration paid to partners introduced...