Zero-coupon bonds, also known as deep discount bonds, are fixed-income securities that do not pay periodic...
Section 10(10BC) of the Income Tax Act, 1961, provides an exemption for compensation received by an individual...
Section 10(23AAB) of the Income Tax Act provides an exemption for income of a pension fund set up by:
Life...
Here’s a detailed breakdown of the valuation of motor car perquisites under Rule 3(2) of the Income Tax...
Section 10(10CC) of the Income Tax Act, 1961 deals with the taxation of non-monetary perquisites provided...
1. Basic Condition
A taxpayer is liable to pay advance tax if:
Estimated tax liability(after deducting...
Under the Income Tax Act, 1961, the Principal Chief Commissioner (PCCIT), Chief Commissioner (CCIT),...
Overview of Section 112
Section 112 of the Income Tax Act, 1961 governs the taxation of long-term capital...
Section 10(23FCA) of the Income Tax Act provides a tax exemption for rental income earned by a Real Estate...
Purpose:
This section provides a tax exemption on payments made by an Indian company to a foreign entity...
Under the Income Tax Act, 1961, taxpayers have several remedies against orders passed by the Commissioner...
As per Section 44AA and Rule 6F, persons carrying on Business and Professions specified below are mandatorily...
Section 10(10D) of the Income Tax Act deals with the tax treatment of the sum assured received from a...
Section 194LD of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest income paid...
Applicable to: Individual taxpayers
This section provides a deduction for interest paid on loans taken...
Applicable to: Indian Resident Individuals (Inventors/Patent Holders)
This section provides tax relief...
The taxation of dividends in India has undergone significant changes over the years. This article aims...
Applicable to: Individuals & HUFs (Non-Senior Citizens)
This section provides tax relief on interest...
Under Section 10(35A) of the Act, any income received by an investor from a securitisation trust is exempt...
Agricultural income and its tax treatment in India fall under Section 10(1) of the Income Tax Act, 1961....