Learn Who Qualifies As A “Person” Under Income Tax According To Section 2(31). Discover Rules...
Section 218 of the Income Tax Act, 1961 deals with situations where a taxpayer is considered to be in...
Under the Income Tax Act, 1961, the Commissioner of Income Tax (Exemption) [CIT(E)] has the authority...
Section 10(44) of the Income Tax Act, 1961 provides for exemption from income tax in India in respect...
Here’s a detailed explanation of Penalty under Section 271H of the Income Tax Act, 1961, which applies...
When income is clubbed under Sections 60-65 of the Income Tax Act, it is taxed under the same head as...
Section 115JB(4) of the Income Tax Act, 1961, mandates that companies liable for Minimum Alternate Tax...
Provident Fund (PF) is a social security scheme in India that provides financial assistance to employees...
Term life insurance, also known as pure life insurance, is a type of life insurance that guarantees payment...
Section 242 of the Income Tax Act, 1961, clarifies that a refund claim cannot be used to challenge the...
Section 264B of the Income Tax Act, 1961, pertains to the faceless effect of orders passed under the...
Section 194-O of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made by e-commerce...
Goods and Services Tax (GST) in India is a comprehensive, multi-stage, destination-based tax that is...
List of all Other Deductions which are specified under section 36 of the Indian Income Tax Act,1961,...
A survey under Section 133A of the Income Tax Act, 1961 is a legal procedure allowing income-tax authorities...
Under Section 239 of the Income Tax Act, 1961, and related provisions, here are the key details regarding...
Applicable to: Individual taxpayers buying their first home
This section provides an additional tax benefit for...
Section 74A of the Income Tax Act, 1961, provides specific rules for the treatment of losses incurred...
Ministry of Finance
FAQs issued by CBDT on the new Capital Gains Tax Regime proposed in the Union Budget...
Concept:
Section 61states that if an asset is transferred in a revocable manner, any income from that...