Section 194DA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payouts from life...
Section 156 of the Income Tax Act, 1961, governs the issuance of demand notices by the Assessing Officer...
What is PAN?
Permanent Account Number (PAN) is a unique ten-digit alphanumeric identifier issued by...
Section 10(23FBB) of the Income Tax Act deals with taxation of business income earned by unit holders...
Following Business are required to get their Accounts compulsory Tax Audited by a Chartered Accountant...
Section 10(23BBB)- Tax Exemption for income earned by the European Economic Community (EEC) in India
Section 10(23BBB) of the Income Tax Act provides a tax exemption for income earned by the European Economic...
According to Section 10(7), allowances or perquisites received by an employee outside of India for rendering...
Section 10(23AAB) of the Income Tax Act provides an exemption for income of a pension fund set up by:
Life...
An Association of Persons (AOP), whether incorporated or not, is treated as a `person` under section...
Section 147 of the Income Tax Act, 1961, deals with the reassessment of income if the Assessing Officer...
Section 151A empowers the Central Government to implement a faceless, technology-driven scheme for reassessing...
In the realm of Goods and Services Tax (GST), the efficient utilization and handling of Input tax credit (ITC)...
Section 234H of the Income Tax Act, 1961 imposes a fee for failure to intimate/link one’s Aadhaar...
List of all Other Deductions which are specified under section 36 of the Indian Income Tax Act,1961,...
Ministry of Finance
FAQs issued by CBDT on the new Capital Gains Tax Regime proposed in the Union Budget...
Yes, under Section 238 of the Income Tax Act, 1961, a person other than the assessee can claim a refund...
Section 139B of the Income Tax Act, 1961, allows taxpayers to file their income tax returns through authorized...
Applicable to: Developers of Affordable Housing Projects
This section provides a 100% tax exemption on...
(1) When an asset is acquired by the government through the process of compulsory acquisition,...
Here’s a detailed summary of the removal of the Equalisation Levy (EL) in India, including key changes,...