Section 80QQB of the Income Tax Act provides a deduction in respect of royalty income earned by authors....
The Tonnage Tax Scheme is a special taxation regime introduced under Chapter XII-G (Sections 115V to...
Section 140 of the Income Tax Act, 1961 specifies who must verify the return of income and the authorized...
Agricultural income holds a special position in India’s taxation system, with specific exemptions...
Any profits or gains arising from the transfer of a capital asset effected in the previous year, shall...
Section 194Q of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made by buyers to resident...
Section 59 deals with deemed income that becomes taxable under the head “Income from Other Sources” when...
Here’s a detailed explanation of the Procedure for Imposing Penalty under Section 274 of the Income Tax...
Section 10(23AAA) of the Income Tax Act provides an exemption for income received by any person on behalf...
Section 13 of the Income Tax Act, 1961 specifies situations where the tax exemptions under Section 11...
1. Legal Requirement
Section 206Amandates specified entities to file statements for payments made to...
Section 10(6B) of the Income Tax Act, 1961, provides a tax exemption to non-residents (including foreign...
1. Business [Section 2(13)]
Business includes:
Any trade, commerce, or manufacturing activity;
Any adventure...
Section 80RRB of the Income Tax Act, 1961, provides for a deduction in respect of royalty income received...
Section 80GG of the Income Tax Act allows individuals to claim deductions for the rent paid when they...
Under Section 139C of the Income Tax Act, 1961, the Central Board of Direct Taxes (CBDT) has the authority...
S.O. 1905(E) – In exercise of the powers conferred by sub-section (1) and sub-section (2) of section...
SCSS is a savings product available for senior citizens aged 60 or above. On the date of opening an SCSS...
A Charitable and Religious Trust is a type of non-profit organization that is formed for the purpose...
Section 194H of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made as commission...