Section 9 of the Income Tax Act, 1961 is an important provision that deals with the taxation of income...
1. When Does This Apply?
When the taxpayer calculates their own advance tax liability(not based on the...
1. Introduction to Loss Carry Forward
When losses cannot be fully adjusted in the same financial year,...
Section 9, Income Accrue or Deemed to Accrue or Arise in India :
Section 9 describes the Incomes which...
Section 72A of the Income Tax Act, 1961, provides exceptional relief for companies undergoing restructuring...
Under Section 48 of the Income Tax Act, 1961, certain expenses incurred during the transfer of a capital...
1. Definition & Applicability
Entertainment Allowance is a special allowance given to employees to...
Death-cum-Retirement Gratuity is an important financial benefit provided to employees in India. It is...
Section 230 of the Income Tax Act, 1961 mandates certain individuals to obtain a Tax Clearance Certificate...
Section 194P of the Income Tax Act, 1961, provides a TDS exemption for senior citizens (aged 75+) with...
Introduction
In the world of business and finance, it is not uncommon for companies to convert their...
The Goods and Services Tax (GST), a comprehensive indirect tax system, has been a transformative step...
Here’s a detailed overview of Return of Income and Procedure of Assessment (Sections 139 to 154) under...
Education is an essential aspect of personal and professional growth. However, pursuing higher education...
1. Income Tax Law
An understanding of the Income-tax law requires a study of the following:
(I) ...
Section 234B(4) of the Income Tax Act, 1961 provides for the adjustment of interest when there is a subsequent...
Here’s a detailed explanation of Section 78(2) regarding carry forward and set-off of losses in...
Under the Goods and Services Tax (GST) regime in India, healthcare services and hospital room rent are...
Applicable to: Individuals (Salaried & Self-Employed)
This section provides tax benefits for contributions...
Section 194-O of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made by e-commerce...