Section 164(2) of the Income Tax Act, 1961, deals with the taxation of discretionary trusts, including charitable...
Section 192 mandates employers to deduct Tax Deducted at Source (TDS) from employees’ salaries...
Section 194-IA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made for...
Enrolment Duration
Expenditure Duration
Beneficiaries
Central Outlay
Years
(lakhs)
(Rs....
Section 151A empowers the Central Government to implement a faceless, technology-driven scheme for reassessing...
Notification No. 09/2025 [F. No. 370142/18/2024-TPL] Dated 21th January, 2025
MINISTRY OF FINANCE
(Department...
Yes, under Section 238 of the Income Tax Act, 1961, a person other than the assessee can claim a refund...
Section 54D of the Income Tax Act, 1961, provides tax exemption on capital gains arising from the compulsory...
Section 194K of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on income distributed...
Notwithstanding anything contained in sections 30 to 38, the following amounts shall not be deducted...
Interest on Non-resident (External) Account (NRE) is exempt from income tax in India under Section 10(4)(ii)...
Cases or situations of Tax Relief under section Section 89/Rule 21A when Salary is Paid in Arrears or...
Section 71B of the Income Tax Act, 1961, governs the carry forward and set-off of losses from house property,...
Section 74A of the Income Tax Act, 1961, provides specific rules for the treatment of losses incurred...
Section 10(23BBA) of the Income Tax Act provides a tax exemption for the income of any body or authority...
Section 234A(3) of the Income Tax Act, 1961, deals with interest payable when an assessee fails to file...
1. Legal Status of Default
Deductor becomes “Assessee in Default”for:
Failure to deduct...
1. Section 70: Inter-Source Adjustment – Set Off of Loss from one Source against Income from another...
Section 167 of the Finance Act, 2016 (Chapter VIII) governs the furnishing of statements for the Equalisation...
Section 43CB of the Income Tax Act, 1961 standardizes the computation of income from construction contracts and service...