Section 10(10D) of the Income Tax Act, 1961, provides tax exemption on the sum received under a life...
Purpose:
This section provides a full tax exemption on any scholarship granted to meet educational expenses,...
Ministry of Finance
GOVERNMENT MAKES NEW TAX REGIME MORE ATTRACTIVE
STANDARD REDUCTION INCREASED FROM...
Kisan Vikas Patra is a certificate scheme from the Indian post office. It doubles a one-time investment...
Purpose:
This section provides a full tax exemption on pension received by government employees (or their...
Section 55(1)(b) of the Income Tax Act, 1961, defines the cost of improvement for capital assets, which...
Applicable to: Individual taxpayers
This section provides a deduction for interest paid on loans taken...
Here’s a structured overview of Collection of Tax at Lower Rate under Section 206C(9), (10), (11)...
When a property is partly self-occupied (SOP) and partly let out (LOP), the Income Tax Act treats it...
Section 195 of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made to non-residents...
Under Section 253 of the Income Tax Act, 1961, appeals can be filed before the Income Tax Appellate Tribunal...
Start-ups in India can benefit from significant tax exemptions under Section 80-IAC of the Income-tax...
Section 80GG of the Income Tax Act allows individuals to claim deductions for the rent paid when they...
Introduction
The Goods and Services Tax (GST) registration process in India has seen a significant shift...
Introduction
The Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax...
Under Section 139(3) of the Income Tax Act, 1961, taxpayers can file a Return of Loss to carry forward...
This article delves into the legal framework surrounding cash seizure, the grounds on which authorities...
Here’s a structured table summarizing the key changes to Tax Collected at Source (TCS) effective from...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi,...
Following goods are being exempted from levy of Social Welfare Surcharge
S. No.
Description
1.
Natural...