Section 10(46) of the Income Tax Act, 1961 provides for exemption from income tax of the specified income...
Section 196D of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income earned by Foreign...
Here’s a detailed analysis of Section 271J of the Income Tax Act, 1961, which imposes penalties...
The Equalisation Levy in India, governed by Chapter VIII of the Finance Act, 2016, imposes a tax on certain...
Section 194C of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made to resident...
Compensation received under a Voluntary Retirement Scheme (VRS) or Voluntary Separation Scheme is partially...
(1) Introduction to Section-71 (Inter-Head Adjustment)
Under the Indian Income Tax Act, 1961, taxpayers...
Here’s a detailed explanation of Section 78(2) regarding carry forward and set-off of losses in...
The Finance (No. 2) Bill, 2024, has introduced several significant amendments to the capital gains tax...
Applicable to: Individual authors/researchers (Indian residents)
This section provides tax relief on royalty...
Section 194D of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made as insurance...
Section 234B(4) of the Income Tax Act, 1961 provides for the adjustment of interest when there is a subsequent...
Section 234D of the Income Tax Act, 1961, mandates that taxpayers repay excess refunds received during...
1. Provision by the employer of services of a Sweeper, a Gardener, a Watchman or Personal Attendant...
1. Key Provision
Section 37(2B)of the Income Tax Act, 1961, disallows any deduction for expenses incurred...
When it comes to dealing with various processes and procedures, understanding the time limits, forms,...
Section 80QQB of the Income Tax Act provides a deduction in respect of royalty income earned by authors....
Tax on distributed income of domestic company for buy-back of shares
Special provisions relating to tax...
Section 80RRB of the Income Tax Act, 1961, provides for a deduction in respect of royalty income received...
Here’s a detailed explanation of the taxability of dividends under Section 56(2)(i) as “Income...