Applicable to: *Farmer Producer Companies (FPCs) registered under Companies Act, 1956/2013*
This section...
Section 71B of the Income Tax Act, 1961, governs the carry forward and set-off of losses from house property,...
Section 10(10D) of the Income Tax Act, 1961, provides tax exemption on the sum received under a life...
1. Dividend Declaration vs. Retained Earnings
Dividends:
Taxable in shareholders’ hands (10%...
Section 80DD of the Income Tax Act in India provides a deduction for individuals or Hindu Undivided Families...
Retirement benefits such as pension, gratuity, provident fund, and leave encashment are taxed differently...
The Faceless Appeal Scheme, 2021, introduced via Notification No. 139/2021 dated 28th December 2021,...
Under Section 249 of the Income Tax Act, 1961, along with Rules 45 and 46 of the Income Tax Rules, the...
When a disaster strikes, it can cause immense damage to life and property. In such difficult times, the...
Applicable to: Individual taxpayers buying their first home
This section provides an additional tax benefit for...
Section 10(23FC) of the Income Tax Act provides a tax exemption for specific types of income earned by...
Permanent Account Number (PAN) is a unique ten-digit alphanumeric code issued by the Income Tax Department...
Employee Stock Option Plan (ESOP) has gained popularity as a tool for employee retention, especially...
When an employer provides accommodation in a hotel, guest house, or similar facility, its taxability...
Section 234A(4) of the Income Tax Act, 1961, deals with the adjustment of interest when there is a subsequent revision,...
Indian Strategic Petroleum Reserves Limited (ISPRL) plays a crucial role in ensuring the energy security...
Section 151A empowers the Central Government to implement a faceless, technology-driven scheme for reassessing...
The Budget 2025 has introduced enhanced threshold limits for TDS, ensuring that smaller transactions...
Section 74A of the Income Tax Act, 1961, provides specific rules for the treatment of losses incurred...
[Section 46A] : Capital Gains on Purchase by Company of its Own Shares or Other Specified Securities
(1) Capital gains tax is an important aspect of the Indian Income Tax Act, 1961. Section 46A of...