Section 10(25) of the Income Tax Act provides tax exemptions for income earned by various retirement-related...
Voluntary Retirement Scheme (VRS) is a mechanism used by companies to reduce their workforce by offering...
This article delves into the legal framework surrounding cash seizure, the grounds on which authorities...
Section 18 of the Central Goods and Services Tax (CGST) Act, 2017, deals with the availability and eligibility...
The tax treatment of interest, premium, or bonus on specified investments is governed by Section 10(15)...
Under the Income Tax Act, 1961, Sections 115QA to 115QC impose a tax on distributed income when a domestic...
Introduction
In the world of business and finance, it is not uncommon for companies to convert their...
Section 242 of the Income Tax Act, 1961, clarifies that a refund claim cannot be used to challenge the...
Under Explanation 1(iii) to Section 115JB(2), companies can deduct the lower of:
Brought forward losses(as...
Section 293D empowers the Central Government to implement a faceless (digital) scheme for granting approvals...
Section 10(30) of the Income Tax Act provides a tax exemption for subsidies received by tea growers and...
Section 80DD of the Income Tax Act in India provides a deduction for individuals or Hindu Undivided Families...
1. Unexplained Cash Credits [Section 68]
Where any sum is found credited in the books of an assessee,...
Concept:
Section 60applies when a person transfers only the right to receive income from an asset without...
1. Computation of Income under the head Income from “Salaries”
The first head of income is...
Section 293B of the Income Tax Act, 1961, empowers the Central Board of Direct Taxes (CBDT) to condone...
The Inverted Duty Structure (IDS) under the Goods and Services Tax (GST) regime is a situation where...
1. Legal Definition
Primary Responsibility: The person legally obligated to deduct TCS/TDS under the...
Agricultural income holds a special position in India’s taxation system, with specific exemptions...
The article you’re viewing discusses significant changes to the regulations governing Charitable Trusts...